12,842 RTX Corporation $RTX Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its position in shares of RTX Corporation (NYSE:RTX) by 198.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,301 shares of the company’s stock after acquiring an additional 12,842 shares during the period. Fulcrum Asset Management LLP’s holdings in RTX were worth $3,608,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of RTX. Montz Harcus Wealth Management LLC lifted its stake in RTX by 3.2% in the 2nd quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company’s stock worth $311,000 after purchasing an additional 51 shares in the last quarter. IMG Wealth Management Inc. raised its position in shares of RTX by 5.7% in the third quarter. IMG Wealth Management Inc. now owns 958 shares of the company’s stock worth $178,000 after buying an additional 52 shares in the last quarter. Safeguard Investment Advisory Group LLC boosted its stake in RTX by 2.4% during the second quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company’s stock valued at $430,000 after buying an additional 53 shares during the period. Global View Capital Management LLC boosted its stake in RTX by 4.0% during the third quarter. Global View Capital Management LLC now owns 1,373 shares of the company’s stock valued at $255,000 after buying an additional 53 shares during the period. Finally, Investment Research Partners LLC grew its position in RTX by 2.3% during the third quarter. Investment Research Partners LLC now owns 2,502 shares of the company’s stock worth $464,000 after buying an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This represents a 50.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Dantaya M. Williams sold 9,071 shares of RTX stock in a transaction on Friday, October 30th. The stock was sold at an average price of $201.70, for a total value of $1,829,620.70. Following the completion of the sale, the executive vice president directly owned 16,930 shares of the company’s stock, valued at $3,414,781. The trade was a 34.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RTX shares. Weiss Ratings upgraded RTX from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday, October 22nd. Robert W. Baird set a $240.00 price objective on RTX in a report on Friday, July 24th. Morgan Stanley reissued an “overweight” rating and set a $240.00 price objective (up from $220.00) on shares of RTX in a report on Friday, July 24th. Royal Bank Of Canada decreased their price objective on shares of RTX from $250.00 to $235.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Finally, TD Cowen lowered their target price on shares of RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $231.24.

RTX Stock Performance

Shares of NYSE RTX opened at $196.35 on Tuesday. The stock has a market cap of $264.96 billion, a price-to-earnings ratio of 31.87, a P/E/G ratio of 2.21 and a beta of 0.30. The stock’s 50-day moving average is $193.15 and its 200 day moving average is $195.52. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. RTX Corporation has a 1-year low of $166.74 and a 1-year high of $226.88.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.78 by $0.48. The firm had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. On average, sell-side analysts anticipate that RTX Corporation will post 7.68 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s dividend payout ratio (DPR) is presently 47.40%.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is reportedly planning to increase Tomahawk and AMRAAM missile production as much as fourfold by 2030. If carried out, the expansion could help the company capture more defense demand, though the report describes a plan rather than completed production growth. Tomahawk and AMRAAM production report
• Positive Sentiment: Raytheon completed a third successful flight test of its DeepStrike JR3 rocket for the U.S. Army’s Joint Reduced Range Rocket program. The test demonstrated the system’s capabilities and may strengthen Raytheon’s position as the Army evaluates a replacement for its training rocket; it does not itself confirm a contract award. Raytheon JR3 flight test announcement

RTX Profile

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world.

Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.

RTX was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation.