Westpac Banking Corp Boosts Holdings in RTX Corporation $RTX

Westpac Banking Corp grew its position in RTX Corporation (NYSE:RTX) by 446.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,373 shares of the company’s stock after purchasing an additional 1,939 shares during the quarter. Westpac Banking Corp’s holdings in RTX were worth $347,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RTX. PFS Partners LLC boosted its position in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in RTX in the second quarter worth about $29,000. Access Investment Management LLC acquired a new stake in RTX in the second quarter worth about $31,000. BOK Financial Private Wealth Inc. increased its holdings in shares of RTX by 45.3% during the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after acquiring an additional 78 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of RTX during the first quarter valued at about $40,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research report on Monday, July 21st. Barclays lifted their price objective on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price objective (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Susquehanna raised their target price on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Finally, UBS Group lifted their price target on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Two investment 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 stock. According to MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.47.

Insider Activity at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.15% of the company’s stock.

RTX Trading Up 0.0%

Shares of RTX stock opened at $175.64 on Tuesday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The stock has a market cap of $235.50 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. The firm has a fifty day moving average price of $167.32 and a 200 day moving average price of $153.77.

RTX (NYSE:RTX) last announced its quarterly 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. The company had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be issued a $0.68 dividend. The ex-dividend date of this dividend is 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%.

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.