Cerity Partners LLC Raises Stock Holdings in RTX Corporation $RTX

Cerity Partners LLC boosted its position in RTX Corporation (NYSE:RTX) by 2.3% in the second quarter, Holdings Channel.com reports. The firm owned 1,134,598 shares of the company’s stock after buying an additional 25,755 shares during the quarter. Cerity Partners LLC’s holdings in RTX were worth $165,675,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of RTX. State Board of Administration of Florida Retirement System boosted its holdings in 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 acquiring an additional 16,034 shares in the last quarter. MGO One Seven LLC raised its position in shares of RTX by 10.2% in the 2nd quarter. MGO One Seven LLC now owns 27,620 shares of the company’s stock worth $4,033,000 after purchasing an additional 2,554 shares during the last quarter. Armstrong Fleming & Moore Inc bought a new position in RTX in the 2nd quarter worth about $431,000. Bank Julius Baer & Co. Ltd Zurich grew its position in RTX by 28,295.2% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 11,926 shares of the company’s stock valued at $1,741,000 after purchasing an additional 11,884 shares during the last quarter. Finally, Redwood Financial Network Corp bought a new stake in RTX during the 1st quarter valued at about $243,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RTX shares. Morgan Stanley set a $215.00 target price on shares of RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Susquehanna upped their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised RTX from a “buy” rating to a “strong-buy” rating in a report on Saturday. Bank of America upped their price target on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, UBS Group lifted their price objective on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the sale, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $171.16 on Friday. The stock has a market capitalization of $229.49 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.68 and a beta of 0.44. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The business’s fifty day moving average price is $171.08 and its 200-day moving average price is $157.56.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. RTX’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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