Quadrant Capital Group LLC Has $5.70 Million Stake in RTX Corporation $RTX

Quadrant Capital Group LLC boosted its holdings in shares of RTX Corporation (NYSE:RTX) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 39,042 shares of the company’s stock after acquiring an additional 553 shares during the quarter. Quadrant Capital Group LLC’s holdings in RTX were worth $5,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. PFS Partners LLC increased its stake in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after acquiring an additional 89 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in RTX in the second quarter valued at $29,000. Access Investment Management LLC acquired a new stake in shares of RTX in the 2nd quarter valued at $31,000. BOK Financial Private Wealth Inc. grew its holdings in shares of RTX by 45.3% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in RTX during the 1st quarter valued at about $40,000. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RTX. The Goldman Sachs Group upped 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. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Jefferies Financial Group restated a “hold” rating and issued a $190.00 target price on shares of RTX in a research note on Tuesday. Bank of America upped their price target on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, Morgan Stanley set a $215.00 price target on shares of RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $181.00.

RTX Price Performance

RTX stock opened at $173.23 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $232.26 billion, a P/E ratio of 35.57, a PEG ratio of 2.79 and a beta of 0.64. The business has a 50-day moving average of $169.60 and a 200-day moving average of $155.75. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. The business’s revenue for the quarter 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, equities 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. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio is presently 55.85%.

Insider Buying and Selling

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred 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 transaction, the executive vice president 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.