Everpar Advisors LLC Has $2.38 Million Holdings in RTX Corporation $RTX

Everpar Advisors LLC increased its holdings in RTX Corporation (NYSE:RTX) by 100.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,197 shares of the company’s stock after purchasing an additional 7,131 shares during the period. RTX accounts for approximately 0.9% of Everpar Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Everpar Advisors LLC’s holdings in RTX were worth $2,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of RTX in the 2nd quarter valued at about $2,359,602,000. Laurel Wealth Advisors LLC raised its position in shares of RTX by 14,974.7% during the second quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company’s stock worth $525,518,000 after acquiring an additional 3,575,069 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of RTX by 1.9% in the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock worth $17,825,353,000 after acquiring an additional 2,238,247 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in RTX by 9.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock valued at $2,330,215,000 after acquiring an additional 1,361,071 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in RTX during the 1st quarter valued at approximately $130,194,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

RTX Stock Down 0.7%

Shares of NYSE RTX opened at $185.15 on Friday. 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 $248.25 billion, a PE ratio of 38.02, a P/E/G ratio of 2.93 and a beta of 0.44. The company’s fifty day simple moving average is $176.15 and its 200 day simple moving average is $162.16. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $188.00.

RTX (NYSE:RTX) last posted its quarterly 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. The firm had revenue of $22.48 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were paid 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 dividend payout ratio is 55.85%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Sanford C. Bernstein boosted their price target on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. The Goldman Sachs Group lifted their target price on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group restated a “hold” rating and issued a $190.00 target price on shares of RTX in a report on Tuesday, November 25th. Bank of America upped their price target on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research 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 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $184.18.

RTX Company Profile

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.