Primecap Management Co. CA Cuts Position in RTX Corporation $RTX

Primecap Management Co. CA trimmed its position in shares of RTX Corporation (NYSE:RTX) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 384,432 shares of the company’s stock after selling 800 shares during the period. Primecap Management Co. CA’s holdings in RTX were worth $56,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of RTX. PFS Partners LLC raised its position 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 purchasing an additional 89 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in shares of RTX in the 2nd quarter worth about $29,000. Access Investment Management LLC bought a new stake in shares of RTX during the 2nd quarter valued at about $31,000. BOK Financial Private Wealth Inc. boosted its holdings in shares of RTX by 45.3% during the 2nd 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 in the last quarter. Finally, Summit Securities Group LLC purchased a new position in RTX during the first quarter valued at $40,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Robert W. Baird set a $203.00 target price on shares of RTX in a research report on Wednesday, October 22nd. Bank of America upped their price target on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. BNP Paribas upgraded RTX to a “strong-buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Susquehanna boosted their target price on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $180.44.

RTX Trading Down 0.5%

Shares of RTX stock opened at $173.85 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The firm’s 50 day moving average price is $168.16 and its two-hundred day moving average price is $154.22. The stock has a market cap of $233.09 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm 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 earned $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. On average, analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio is currently 55.85%.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction 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 sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.15% of the company’s stock.

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.