Exchange Traded Concepts LLC Purchases 8,930 Shares of RTX Corporation $RTX

Exchange Traded Concepts LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 100.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 17,851 shares of the company’s stock after buying an additional 8,930 shares during the period. Exchange Traded Concepts LLC’s holdings in RTX were worth $2,987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PFS Partners LLC raised its position in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in RTX during the second quarter worth approximately $29,000. Access Investment Management LLC bought a new stake in RTX in the second quarter worth approximately $31,000. BOK Financial Private Wealth Inc. lifted its stake 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 buying an additional 78 shares during the period. Finally, Howard Hughes Medical Institute bought a new position in shares of RTX during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price objective on shares of RTX in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. The Goldman Sachs Group raised their target price on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $203.00 target price on RTX in a research report on Wednesday, October 22nd. Finally, Bank of America increased their price target on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Three equities research 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’s stock. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average price target of $184.18.

RTX Price Performance

RTX stock opened at $186.09 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The business has a 50-day simple moving average of $175.60 and a two-hundred day simple moving average of $161.69. The company has a market capitalization of $249.50 billion, a P/E ratio of 38.21, a price-to-earnings-growth ratio of 2.95 and a beta of 0.44. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $188.00.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. The firm had revenue of $22.48 billion during 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 company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, November 21st. RTX’s payout ratio is currently 55.85%.

Insider Activity

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.15% of the stock is currently owned by insiders.

About RTX

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.