Verity & Verity LLC Has $34.61 Million Stock Position in RTX Corporation $RTX

Verity & Verity LLC trimmed its position in RTX Corporation (NYSE:RTX) by 1.7% during the second quarter, HoldingsChannel.com reports. The fund owned 236,993 shares of the company’s stock after selling 4,012 shares during the quarter. RTX makes up 3.0% of Verity & Verity LLC’s portfolio, making the stock its 4th biggest position. Verity & Verity LLC’s holdings in RTX were worth $34,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. Cornerstone Advisory LLC boosted its stake in shares of RTX by 0.9% in the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after purchasing an additional 64 shares in the last quarter. Briaud Financial Planning Inc raised its position in 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 purchasing an additional 65 shares during the last quarter. Hudock Inc. boosted its stake in shares of RTX by 1.3% during the second quarter. Hudock Inc. now owns 5,346 shares of the company’s stock valued at $781,000 after purchasing an additional 68 shares in the last quarter. Gries Financial LLC grew its holdings in shares of RTX by 0.7% during the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after purchasing an additional 69 shares during the last quarter. Finally, M3 Advisory Group LLC increased its stake in shares of RTX by 2.7% in the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock valued at $384,000 after buying an additional 69 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RTX has been the subject of several recent research reports. Barclays upped their price target on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. BNP Paribas upgraded RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Susquehanna upped their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Bank of America upped their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus price target of $180.44.

Insider Activity at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president directly 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 SEC filing for this sale provides additional information. Insiders own 0.15% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $171.56 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31. The company has a fifty day moving average of $169.03 and a 200-day moving average of $155.32. The firm has a market capitalization of $230.02 billion, a P/E ratio of 35.36, a P/E/G ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. The firm 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%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

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.