Farther Finance Advisors LLC Purchases 4,612 Shares of RTX Corporation $RTX

Farther Finance Advisors LLC raised its position in RTX Corporation (NYSE:RTXFree Report) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,358 shares of the company’s stock after acquiring an additional 4,612 shares during the period. Farther Finance Advisors LLC’s holdings in RTX were worth $7,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. PFS Partners LLC grew its position 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 purchasing an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in RTX during the second quarter worth about $29,000. Access Investment Management LLC acquired a new stake in shares of RTX during the 2nd quarter worth approximately $31,000. BOK Financial Private Wealth Inc. grew its position in RTX by 45.3% during the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after buying an additional 78 shares during the period. Finally, Howard Hughes Medical Institute acquired a new stake in shares of RTX during the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Trending Headlines about RTX

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Insider Buying and Selling

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction 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 in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

RTX Trading Down 0.0%

Shares of RTX opened at $185.67 on Wednesday. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $188.00. The firm has a market capitalization of $248.94 billion, a P/E ratio of 38.12, a P/E/G ratio of 2.94 and a beta of 0.44. The firm has a 50-day moving average price of $174.43 and a 200 day moving average price of $161.35. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same period in the previous year, the business posted $1.45 EPS. RTX’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio is presently 55.85%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a report on Monday. Jefferies Financial Group restated a “hold” rating and issued a $190.00 price objective on shares of RTX in a report on Tuesday, November 25th. Robert W. Baird set a $203.00 target price on shares of RTX in a report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their target price on shares of RTX from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Finally, UBS Group boosted their price target on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $184.18.

View Our Latest Stock Analysis on RTX

RTX Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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