Titan Global Capital Management USA LLC Has $6.31 Million Stake in RTX Corporation $RTX

Titan Global Capital Management USA LLC increased its stake in shares of RTX Corporation (NYSE:RTX) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,235 shares of the company’s stock after purchasing an additional 2,695 shares during the quarter. RTX comprises about 1.0% of Titan Global Capital Management USA LLC’s portfolio, making the stock its 24th biggest position. Titan Global Capital Management USA LLC’s holdings in RTX were worth $6,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. PFS Partners LLC raised its position in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. Access Investment Management LLC bought a new stake in RTX during the 2nd quarter worth approximately $31,000. Summit Securities Group LLC acquired a new stake in RTX during the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in RTX during the 1st quarter worth approximately $44,000. Finally, Briaud Financial Planning Inc boosted its holdings in shares of RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after buying an additional 65 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Robert W. Baird set a $203.00 target price on RTX in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Finally, Bank of America boosted their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

Insider Buying and Selling

In other RTX news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 38,471 shares of company stock valued at $6,210,875. 0.15% of the stock is owned by company insiders.

RTX Stock Up 1.1%

RTX opened at $177.01 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $164.99 and its 200 day simple moving average is $151.11. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The stock has a market cap of $237.33 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64.

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

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a $0.68 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio is 55.85%.

RTX Profile

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.