WINTON GROUP Ltd Raises Stock Holdings in RTX Corporation $RTX

WINTON GROUP Ltd boosted its holdings in RTX Corporation (NYSE:RTX) by 42.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,952 shares of the company’s stock after purchasing an additional 4,715 shares during the period. WINTON GROUP Ltd’s holdings in RTX were worth $2,329,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System raised its stake in shares of RTX by 1.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock worth $192,333,000 after buying an additional 16,034 shares during the period. MGO One Seven LLC lifted its holdings in RTX by 10.2% during the second quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock valued at $4,033,000 after purchasing an additional 2,554 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of RTX by 28,295.2% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,926 shares of the company’s stock worth $1,741,000 after purchasing an additional 11,884 shares during the period. Armstrong Fleming & Moore Inc bought a new stake in shares of RTX during the 2nd quarter valued at $431,000. Finally, Redwood Financial Network Corp bought a new stake in shares of RTX during the 1st quarter valued at $243,000. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BNP Paribas upgraded RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Morgan Stanley set a $215.00 price target on RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Bank of America increased their price objective on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. Three investment 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $181.00.

RTX Price Performance

Shares of RTX stock opened at $171.76 on Wednesday. The firm has a market cap of $230.29 billion, a PE ratio of 35.27, a PEG ratio of 2.68 and a beta of 0.44. The stock has a 50 day moving average of $171.32 and a 200 day moving average of $158.26. 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 12 month low of $112.27 and a 12 month 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, topping the consensus estimate of $1.41 by $0.29. The business had revenue of $22.48 billion for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

Insider Activity at RTX

In other 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 value of $873,547.35. Following the sale, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.15% of the stock is owned by insiders.

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.