Waterloo Capital L.P. Has $629,000 Stake in RTX Corporation $RTX

Waterloo Capital L.P. grew its holdings in RTX Corporation (NYSE:RTX) by 20.8% in the second quarter, Holdings Channel.com reports. The firm owned 4,305 shares of the company’s stock after purchasing an additional 740 shares during the period. Waterloo Capital L.P.’s holdings in RTX were worth $629,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. PFS Partners LLC lifted 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 buying an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of RTX in the second quarter worth $29,000. Access Investment Management LLC purchased a new stake in shares of RTX during the 2nd quarter worth about $31,000. BOK Financial Private Wealth Inc. raised its position in RTX by 45.3% during the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after acquiring an additional 78 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of RTX in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on RTX shares. Morgan Stanley set a $215.00 target price on RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Sanford C. Bernstein raised their target price on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. Robert W. Baird set a $203.00 price objective on shares of RTX in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a report on Friday, October 31st. Three research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $180.44.

RTX Trading Up 2.0%

NYSE:RTX opened at $173.14 on Tuesday. The stock has a market capitalization of $232.15 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The business’s 50-day simple moving average is $169.03 and its 200-day simple moving average is $155.32.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 EPS 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 for the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the previous year, the business posted $1.45 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Insider Activity

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction 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 completion of the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a 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 that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The SEC filing for this sale provides additional information. 0.15% of the stock is owned by corporate insiders.

RTX Company 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.