Brookstone Capital Management Buys 8,547 Shares of RTX Corporation $RTX

Brookstone Capital Management boosted its stake in RTX Corporation (NYSE:RTXFree Report) by 7.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,849 shares of the company’s stock after acquiring an additional 8,547 shares during the quarter. Brookstone Capital Management’s holdings in RTX were worth $19,552,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in RTX by 0.5% during the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after purchasing an additional 552,009 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of RTX by 1.2% during the 2nd 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 purchasing an additional 16,034 shares during the last quarter. MGO One Seven LLC raised its stake in shares of RTX by 10.2% during 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of RTX by 28,295.2% in 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 buying an additional 11,884 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc bought a new position in shares of RTX in the second quarter valued at $431,000. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.15% of the company’s stock.

RTX News Summary

Here are the key news stories impacting RTX this week:

Analyst Ratings Changes

RTX has been the subject of a number of recent analyst reports. Citigroup began coverage on shares of RTX in a research note on Thursday, December 11th. They issued a “buy” rating and a $211.00 price target for the company. The Goldman Sachs Group raised 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. Sanford C. Bernstein lifted their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Susquehanna upped their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Finally, UBS Group lifted their target price on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research note 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.18.

View Our Latest Stock Analysis on RTX

RTX Trading Up 0.2%

Shares of RTX stock opened at $186.09 on Thursday. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $188.00. The company has a market capitalization of $249.50 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 2.94 and a beta of 0.44. The firm has a 50 day moving average price of $175.02 and a two-hundred day moving average price of $161.52. 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 (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

About RTX

(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.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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