RTX Corporation $RTX Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. cut its holdings in shares of RTX Corporation (NYSE:RTX) by 9.7% in the third quarter, HoldingsChannel.com reports. The firm owned 231,411 shares of the company’s stock after selling 24,992 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in RTX were worth $38,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RTX. Brighton Jones LLC lifted its holdings in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC raised its position in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the period. Landscape Capital Management L.L.C. acquired a new position in RTX during the first quarter worth $320,000. Evergreen Capital Management LLC boosted its position in shares of RTX by 4.9% during the first quarter. Evergreen Capital Management LLC now owns 20,022 shares of the company’s stock worth $2,652,000 after buying an additional 937 shares during the period. Finally, Activest Wealth Management grew its stake in shares of RTX by 137.1% in the first quarter. Activest Wealth Management now owns 562 shares of the company’s stock valued at $74,000 after buying an additional 325 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BNP Paribas upgraded RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Sanford C. Bernstein increased 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. UBS Group lifted their price objective on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group upped 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.18.

Insiders Place Their Bets

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction dated Friday, October 24th. The stock was 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 of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is currently owned by corporate insiders.

RTX Stock Down 0.7%

Shares of NYSE:RTX opened at $185.15 on Friday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $188.00. The firm’s 50 day moving average price is $176.15 and its 200 day moving average price is $162.16. 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 stock has a market cap of $248.25 billion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44.

RTX (NYSE:RTX) last announced 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 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 the consensus estimate of $21.26 billion. During the same period in the prior year, the firm posted $1.45 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

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.