Wrapmanager Inc. Trims Stock Position in RTX Corporation $RTX

Wrapmanager Inc. trimmed its holdings in RTX Corporation (NYSE:RTX) by 12.1% during the second quarter, Holdings Channel reports. The institutional investor owned 9,787 shares of the company’s stock after selling 1,342 shares during the period. Wrapmanager Inc.’s holdings in RTX were worth $1,429,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RTX. Brighton Jones LLC boosted its holdings in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares during the last quarter. Allen Capital Group LLC raised its position in shares of RTX by 10.6% in the 1st quarter. Allen Capital Group LLC now owns 3,211 shares of the company’s stock worth $425,000 after buying an additional 307 shares during the period. Verdence Capital Advisors LLC boosted its holdings in RTX by 11.3% in the first quarter. Verdence Capital Advisors LLC now owns 36,406 shares of the company’s stock valued at $4,822,000 after acquiring an additional 3,689 shares during the last quarter. Finally, Graypoint LLC grew its position in RTX by 1.7% during the first quarter. Graypoint LLC now owns 17,770 shares of the company’s stock valued at $2,354,000 after acquiring an additional 303 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.15% of the stock is currently owned by insiders.

RTX Stock Down 2.1%

Shares of NYSE:RTX opened at $173.98 on Friday. The company has a market capitalization of $233.26 billion, a price-to-earnings ratio of 35.72, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. The company has a 50 day moving average of $166.53 and a two-hundred day moving average of $152.70. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31. 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 (NYSE:RTX) last announced its 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 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%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. RTX’s dividend payout ratio (DPR) is currently 55.85%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RTX. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Barclays raised their price target on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price objective on shares of RTX in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. 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’s stock. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

RTX Company 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.