MV Capital Management Inc. Trims Stock Holdings in RTX Corporation $RTX

MV Capital Management Inc. lowered its stake in shares of RTX Corporation (NYSE:RTX) by 4.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,072 shares of the company’s stock after selling 301 shares during the period. MV Capital Management Inc.’s holdings in RTX were worth $887,000 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 the company. PFS Partners LLC boosted its stake in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of RTX during the 2nd quarter worth about $29,000. Access Investment Management LLC acquired a new stake in RTX during the 2nd quarter worth approximately $31,000. BOK Financial Private Wealth Inc. raised its holdings in RTX by 45.3% in the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after buying an additional 78 shares during the period. Finally, Summit Securities Group LLC acquired a new position in RTX during the first quarter valued at approximately $40,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RTX shares. The Goldman Sachs Group increased their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Morgan Stanley set a $215.00 price target on RTX and gave the company an “overweight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. Finally, Sanford C. Bernstein increased their price objective on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $178.47.

RTX Stock Performance

Shares of RTX opened at $178.00 on Thursday. The firm has a market cap of $238.66 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.79 and a beta of 0.64. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $166.22 and its two-hundred day moving average is $152.55. RTX Corporation has a 52-week low of $112.27 and a 52-week 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 (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.67% and a return on equity of 13.28%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.68 per share. 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 dividend payout ratio (DPR) is currently 55.85%.

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’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 value of $873,547.35. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale is available in the SEC filing. 0.15% of the stock is currently owned by company insiders.

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.