Mesirow Financial Investment Management Inc. Has $42.70 Million Holdings in RTX Corporation $RTX

Mesirow Financial Investment Management Inc. cut its stake in shares of RTX Corporation (NYSE:RTX) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 292,413 shares of the company’s stock after selling 1,846 shares during the period. RTX comprises approximately 0.8% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 22nd biggest position. Mesirow Financial Investment Management Inc.’s holdings in RTX were worth $42,698,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. PFS Partners LLC increased its holdings in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC acquired a new stake in RTX in the first quarter valued at $40,000. Briaud Financial Planning Inc increased its holdings 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 period. Mid American Wealth Advisory Group Inc. acquired a new stake in RTX in the second quarter valued at $47,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in RTX in the first quarter valued at $44,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Bank of America lifted their price objective on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday. Susquehanna lifted their price objective on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, JPMorgan Chase & Co. lifted their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $178.47.

RTX Stock Performance

Shares of RTX stock opened at $177.15 on Friday. RTX Corporation has a one year low of $112.27 and a one year high of $181.31. The firm has a market capitalization of $237.52 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.79 and a beta of 0.66. The business has a 50-day simple moving average of $162.87 and a 200 day simple moving average of $149.12. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81.

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

RTX Announces Dividend

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

Insider Transactions at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This trade represents a 7.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 51,318 shares of company stock valued at $8,238,388. 0.15% of the stock is currently owned by corporate insiders.

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.