Aviva PLC Grows Stock Holdings in RTX Corporation $RTX

Aviva PLC lifted its holdings in RTX Corporation (NYSE:RTX) by 7.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 998,012 shares of the company’s stock after acquiring an additional 65,854 shares during the quarter. Aviva PLC’s holdings in RTX were worth $145,730,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. PFS Partners LLC raised its stake in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the last quarter. Access Investment Management LLC purchased a new stake in shares of RTX in the second quarter worth about $31,000. Summit Securities Group LLC acquired a new stake in RTX during the first quarter worth about $40,000. Briaud Financial Planning Inc raised its position in RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in RTX in the second quarter valued at approximately $47,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. 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 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 owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,471 shares of company stock valued at $6,210,875 over the last ninety days. Company insiders own 0.15% of the company’s stock.

RTX Stock Up 1.1%

NYSE RTX opened at $177.01 on Friday. The business has a fifty day moving average price of $164.99 and a 200 day moving average price of $151.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The company has a market cap of $237.33 billion, a P/E ratio of 36.35, a P/E/G ratio of 2.79 and a beta of 0.64. RTX Corporation has a one year low of $112.27 and a one year high of $181.31.

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

RTX Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RTX shares. Robert W. Baird set a $203.00 price objective on shares of RTX in a research note on Wednesday, October 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Citigroup lifted their price objective on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average price target of $178.47.

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.