Ethic Inc. Purchases 6,768 Shares of RTX Corporation $RTX

Ethic Inc. lifted its position in shares of RTX Corporation (NYSE:RTX) by 13.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,556 shares of the company’s stock after purchasing an additional 6,768 shares during the period. Ethic Inc.’s holdings in RTX were worth $9,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of 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 acquiring an additional 159 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in RTX during the first quarter worth about $320,000. Calton & Associates Inc. acquired a new stake in RTX in the 1st quarter worth about $234,000. Finally, Quarry LP boosted its holdings in RTX by 244.5% in the 1st quarter. Quarry LP now owns 2,429 shares of the company’s stock valued at $322,000 after purchasing an additional 1,724 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This represents a 7.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by corporate insiders.

RTX Trading Down 0.4%

RTX opened at $184.37 on Tuesday. The company’s 50 day moving average is $176.62 and its 200-day moving average is $162.61. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $188.00. 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 cap of $247.19 billion, a P/E ratio of 37.86, a PEG ratio of 2.93 and a beta of 0.44.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 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 business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The firm’s 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. Equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were issued 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 dividend yield of 1.5%. RTX’s dividend payout ratio (DPR) is 55.85%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RTX shares. BNP Paribas raised shares of RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Robert W. Baird set a $203.00 price objective on RTX in a research note on Wednesday, October 22nd. Bank of America lifted their price objective on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. JPMorgan Chase & Co. increased their target price on RTX from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Finally, Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Three 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.18.

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.