TD Waterhouse Canada Inc. Acquires 11,632 Shares of RTX Corporation $RTX

TD Waterhouse Canada Inc. lifted its holdings in shares of RTX Corporation (NYSE:RTX) by 9.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 135,221 shares of the company’s stock after purchasing an additional 11,632 shares during the period. TD Waterhouse Canada Inc.’s holdings in RTX were worth $19,495,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in RTX by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock valued at $17,825,353,000 after acquiring an additional 2,238,247 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in RTX by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock valued at $2,330,215,000 after buying an additional 1,361,071 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in RTX by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after purchasing an additional 104,139 shares during the period. Invesco Ltd. grew its position in shares of RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after buying an additional 154,544 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of RTX by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after purchasing an additional 65,493 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Activity at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The SEC filing for this sale provides additional information. 0.15% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Bank of America boosted their target price on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. The Goldman Sachs Group lifted their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Morgan Stanley set a $215.00 price objective on shares of RTX and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Sanford C. Bernstein increased their target price on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Finally, Susquehanna boosted their price target on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $180.44.

RTX Price Performance

Shares of NYSE RTX opened at $173.85 on Thursday. The company has a fifty day moving average price of $168.16 and a 200 day moving average price of $154.22. The firm has a market cap of $233.09 billion, a PE ratio of 35.70, a PEG ratio of 2.79 and a beta of 0.64. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31.

RTX (NYSE:RTX) last released 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 the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

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

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.