Titan Global Capital Management USA LLC Acquires 2,695 Shares of RTX Corporation $RTX

Titan Global Capital Management USA LLC grew its holdings in RTX Corporation (NYSE:RTX) by 6.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 43,235 shares of the company’s stock after purchasing an additional 2,695 shares during the quarter. RTX comprises approximately 1.0% of Titan Global Capital Management USA LLC’s holdings, making the stock its 24th largest position. Titan Global Capital Management USA LLC’s holdings in RTX were worth $6,313,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Brookwood Investment Group LLC bought a new position in shares of RTX in the 1st quarter valued at $1,288,000. Arizona State Retirement System grew its position in RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after acquiring an additional 5,356 shares during the last quarter. Redwood Financial Network Corp acquired a new position in RTX in the 1st quarter worth about $243,000. Zuckerman Investment Group LLC raised its position in RTX by 54.1% in the first quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock valued at $767,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Fortem Financial Group LLC acquired a new stake in shares of RTX during the first quarter valued at about $241,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 1.1%

Shares of NYSE:RTX opened at $177.01 on Friday. The business’s 50-day moving average is $164.99 and its 200-day moving average is $151.11. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. The company has a market capitalization of $237.33 billion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 2.79 and a beta of 0.64. 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.28% and a net margin of 7.67%.The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. 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 Dividend Announcement

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 paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s payout ratio is 55.85%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RTX. Morgan Stanley set a $215.00 price objective on RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Finally, Barclays increased their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Two research 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. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was 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 $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 38,471 shares of company stock valued at $6,210,875 in the last three months. Corporate insiders own 0.15% of the company’s stock.

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.