CW Advisors LLC Has $14.42 Million Holdings in RTX Corporation $RTX

CW Advisors LLC grew its holdings in RTX Corporation (NYSE:RTX) by 57.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,764 shares of the company’s stock after purchasing an additional 36,035 shares during the quarter. CW Advisors LLC’s holdings in RTX were worth $14,422,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RTX. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 price target on shares of RTX in a research note on Wednesday, October 8th. The Goldman Sachs Group upped their target price on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Susquehanna increased their target price on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. BNP Paribas raised shares of RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, Morgan Stanley set a $215.00 price objective on shares of RTX and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price of $181.00.

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.15% of the company’s stock.

RTX Stock Down 0.2%

RTX stock opened at $168.52 on Thursday. The company has a 50 day moving average of $170.71 and a 200-day moving average of $157.08. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31. The stock has a market capitalization of $225.95 billion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 2.63 and a beta of 0.44.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating 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 net margin of 7.67% and a return on equity of 13.28%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

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.