RTX Corporation $RTX Stock Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 59.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,132 shares of the company’s stock after buying an additional 10,483 shares during the period. Soltis Investment Advisors LLC’s holdings in RTX were worth $5,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. BlackRock Inc. acquired a new stake in RTX in the second quarter valued at $20,970,571,000. Bank of New York Mellon Corp bought a new position in shares of RTX in the 2nd quarter valued at about $1,456,256,000. Legal & General Group Plc acquired a new position in shares of RTX during the 2nd quarter worth about $1,267,256,000. Deutsche Bank AG acquired a new position in shares of RTX during the 2nd quarter worth about $725,900,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of RTX in the 2nd quarter valued at about $636,932,000. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RTX. BNP Paribas Exane raised their target price on shares of RTX from $220.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Robert W. Baird set a $240.00 price target on RTX in a report on Friday, July 24th. UBS Group boosted their price target on RTX from $209.00 to $212.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 21st. Wells Fargo & Company upped their price objective on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. Finally, Barclays raised their price objective on RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $228.86.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Quarterly dividend declared: RTX’s board approved a cash dividend of $0.73 per share, reinforcing the company’s shareholder-return commitment. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Raised outlook and strong operating momentum: Recent coverage highlights RTX’s third-quarter revenue and earnings beat, higher guidance, record backlogs, and signs of recovery in commercial aerospace demand. Those factors have strengthened the valuation case, with one analysis estimating the stock could be approximately 14% undervalued. RTX Could Be 14% Undervalued As Raised Guidance Lifts The Valuation Case
• Positive Sentiment: Long-term Collins Aerospace contract: Air Europa extended its exclusive Boeing 787 nacelle maintenance agreement with RTX’s Collins Aerospace through 2037. The renewal provides longer-term service visibility and supports recurring aftermarket revenue. Air Europa Extends Exclusive Boeing 787 Nacelle Maintenance Agreement
• Neutral Sentiment: Analyst sentiment remains favorable: Coverage points to an average brokerage recommendation equivalent to “Buy,” although investors should recognize that analyst ratings can be overly optimistic and do not guarantee future performance. Is It Worth Investing in RTX Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Reports about NVIDIA GeForce RTX graphics cards, RTX Spark laptops, gaming PCs, and related pricing or software issues refer to NVIDIA products—not RTX Corporation—and are unlikely to affect RTX stock.

RTX Price Performance

Shares of RTX opened at $199.99 on Friday. The company’s 50-day moving average is $195.06 and its 200-day moving average is $195.52. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. The firm has a market capitalization of $269.87 billion, a PE ratio of 32.47, a PEG ratio of 2.19 and a beta of 0.31. RTX Corporation has a fifty-two week low of $166.74 and a fifty-two week high of $226.88.

RTX (NYSE:RTX) last announced its 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. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. RTX’s revenue was up 11.1% compared to the same quarter last year. Equities analysts forecast that RTX Corporation will post 7.66 EPS for the current year.

RTX Dividend Announcement

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

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

RTX Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.