California Public Employees Retirement System Has $549.37 Million Stake in RTX Corporation $RTX

California Public Employees Retirement System lifted its stake in shares of RTX Corporation (NYSE:RTX) by 9.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,762,290 shares of the company’s stock after buying an additional 327,213 shares during the period. California Public Employees Retirement System owned about 0.28% of RTX worth $549,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PFS Partners LLC grew its position in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in RTX during the second quarter valued at about $29,000. Access Investment Management LLC purchased a new position in shares of RTX during the 2nd quarter valued at about $31,000. BOK Financial Private Wealth Inc. grew its holdings in shares of RTX by 45.3% during the 2nd 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 purchased a new stake in RTX during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on RTX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $195.00 target price on shares of RTX in a report on Wednesday, October 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $190.00 price target on shares of RTX in a report on Tuesday, November 25th. The Goldman Sachs Group upped their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, BNP Paribas Exane initiated coverage on shares of RTX in a report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average target price of $181.00.

RTX Stock Down 0.1%

RTX stock opened at $171.16 on Friday. The business’s 50-day moving average price is $171.08 and its 200 day moving average price is $157.56. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The firm has a market cap of $229.49 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.68 and a beta of 0.44. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be paid 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 presently 55.85%.

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction 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. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by company 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.