Archford Capital Strategies LLC Lowers Stake in RTX Corporation $RTX

Archford Capital Strategies LLC cut its holdings in RTX Corporation (NYSE:RTX) by 49.7% during the third quarter, HoldingsChannel reports. The firm owned 7,263 shares of the company’s stock after selling 7,180 shares during the period. Archford Capital Strategies LLC’s holdings in RTX were worth $1,215,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in RTX during the 2nd quarter valued at approximately $2,359,602,000. Laurel Wealth Advisors LLC increased its holdings in shares of RTX by 14,974.7% in the second quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company’s stock valued at $525,518,000 after purchasing an additional 3,575,069 shares during the period. Vanguard Group Inc. increased its holdings 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 valued at $17,825,353,000 after purchasing an additional 2,238,247 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of RTX by 9.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock worth $2,330,215,000 after purchasing an additional 1,361,071 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of RTX during the first quarter worth $130,194,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

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 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 directly owned 59,556 shares in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RTX shares. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research note on Monday, December 22nd. Bank of America increased their price target on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Citigroup began coverage on shares of RTX in a research report on Thursday, December 11th. They issued a “buy” rating and a $211.00 price objective for the company. BNP Paribas Exane started coverage on RTX in a research report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 target price on the stock. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $190.00 price target on shares of RTX in a report on Tuesday, November 25th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $184.18.

RTX Stock Performance

NYSE:RTX opened at $185.15 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $248.25 billion, a P/E ratio of 38.02, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. The firm has a 50-day moving average price of $176.15 and a two-hundred day moving average price of $162.31. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $188.00.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) 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 the consensus estimate of $21.26 billion. During the same quarter in the prior year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter 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, research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

RTX 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.