RTX Corporation $RTX Shares Sold by Portfolio Design Labs LLC

Portfolio Design Labs LLC lowered its position in shares of RTX Corporation (NYSE:RTX) by 26.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,289 shares of the company’s stock after selling 9,770 shares during the quarter. Portfolio Design Labs LLC’s holdings in RTX were worth $3,985,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RTX. PFS Partners LLC boosted its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in RTX during the second quarter valued at approximately $29,000. Access Investment Management LLC bought a new stake in RTX during the second quarter worth approximately $31,000. BOK Financial Private Wealth Inc. grew its position in RTX by 45.3% in the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after buying an additional 78 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in RTX in the first quarter worth approximately $40,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on RTX. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 price objective on shares of RTX in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. The Goldman Sachs Group lifted their price target on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. BNP Paribas Exane initiated coverage on shares of RTX in a research note on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price objective for the company. Finally, Morgan Stanley set a $215.00 target price on shares of RTX and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

Insiders Place Their Bets

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by insiders.

RTX Stock Performance

Shares of RTX opened at $168.01 on Tuesday. The company has a market capitalization of $225.26 billion, a PE ratio of 34.50, a PEG ratio of 2.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The company’s 50 day moving average price is $170.40 and its 200 day moving average price is $156.77. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31.

RTX (NYSE:RTX) last issued its earnings results 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 company had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. During the same quarter last year, the business posted $1.45 EPS. The company’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. Research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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 paid a $0.68 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.6%. RTX’s payout ratio is 55.85%.

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.