RTX Corporation $RTX Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC lessened its stake in RTX Corporation (NYSE:RTX) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,320 shares of the company’s stock after selling 330 shares during the period. Milestone Asset Management LLC’s holdings in RTX were worth $631,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC increased its position in RTX by 124.3% during the 2nd quarter. NewSquare Capital LLC now owns 1,126 shares of the company’s stock worth $164,000 after purchasing an additional 624 shares during the period. Rockline Wealth Management LLC increased its position in RTX by 1.5% during the 2nd quarter. Rockline Wealth Management LLC now owns 35,517 shares of the company’s stock worth $5,186,000 after purchasing an additional 541 shares during the period. Elyxium Wealth LLC increased its position in RTX by 2.2% during the 2nd quarter. Elyxium Wealth LLC now owns 16,104 shares of the company’s stock worth $2,352,000 after purchasing an additional 340 shares during the period. Prosperity Consulting Group LLC increased its position in RTX by 1.5% during the 2nd quarter. Prosperity Consulting Group LLC now owns 7,786 shares of the company’s stock worth $1,137,000 after purchasing an additional 118 shares during the period. Finally, Code Waechter LLC increased its position in RTX by 29.6% during the 2nd quarter. Code Waechter LLC now owns 3,185 shares of the company’s stock worth $465,000 after purchasing an additional 727 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $176.90 on Tuesday. The business’s fifty day moving average price is $163.73 and its two-hundred day moving average price is $150.09. The stock has a market cap of $237.19 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. RTX Corporation has a one year low of $112.27 and a one year high of $181.31.

RTX (NYSE:RTX) last announced 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. The firm had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.RTX’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. 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. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Barclays upped their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.47.

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction 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 SEC, which is available at this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,471 shares of company stock valued at $6,210,875 in the last quarter. 0.15% of the stock is currently owned by company 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.