Soros Fund Management LLC Invests $10.48 Million in RTX Corporation $RTX

Soros Fund Management LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 71,795 shares of the company’s stock, valued at approximately $10,484,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of RTX during the 2nd quarter worth approximately $2,359,602,000. Laurel Wealth Advisors LLC grew its holdings in shares of RTX by 14,974.7% in the second quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company’s stock valued at $525,518,000 after acquiring an additional 3,575,069 shares in the last quarter. Vanguard Group Inc. increased its position in shares of RTX by 1.9% during the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock valued at $17,825,353,000 after acquiring an additional 2,238,247 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of RTX by 9.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock valued at $2,330,215,000 after acquiring an additional 1,361,071 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after acquiring an additional 1,117,506 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 1.5%

Shares of RTX stock opened at $177.28 on Friday. The stock has a market capitalization of $237.69 billion, a P/E ratio of 36.40, a P/E/G ratio of 2.73 and a beta of 0.44. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The stock’s 50-day simple moving average is $171.68 and its 200 day simple moving average is $158.51.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter last year, the company earned $1.45 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. RTX’s payout ratio is presently 55.85%.

Insider Activity

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the sale, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RTX shares. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. Bank of America boosted their price target on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 27th. UBS Group raised their price objective on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Citigroup assumed coverage on shares of RTX in a research report on Thursday. They issued a “buy” rating on the stock. Finally, BNP Paribas raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.00.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.