Assenagon Asset Management S.A. Decreases Holdings in RTX Corporation $RTX

Assenagon Asset Management S.A. reduced its position in RTX Corporation (NYSE:RTX) by 22.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,561,012 shares of the company’s stock after selling 452,550 shares during the quarter. Assenagon Asset Management S.A.’s holdings in RTX were worth $261,204,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in RTX by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock worth $17,825,353,000 after buying an additional 2,238,247 shares during the last quarter. State Street Corp raised its stake in RTX by 0.5% in the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after buying an additional 552,009 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in RTX by 4.2% in the second quarter. Fisher Asset Management LLC now owns 20,599,190 shares of the company’s stock worth $3,007,894,000 after acquiring an additional 837,268 shares in the last quarter. Norges Bank purchased a new stake in shares of RTX during the second quarter worth about $2,359,602,000. Finally, Massachusetts Financial Services Co. MA grew 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 acquiring an additional 1,361,071 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RTX has been the subject of a number of recent analyst reports. Morgan Stanley set a $215.00 target price on shares of RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $203.00 price target on shares of RTX in a research note on Wednesday, October 22nd. UBS Group raised their price target on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Susquehanna boosted their price objective on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Three investment 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $182.71.

RTX Stock Performance

NYSE RTX opened at $180.02 on Wednesday. The stock has a 50-day simple moving average of $172.39 and a two-hundred day simple moving average of $159.82. The firm has a market capitalization of $241.37 billion, a P/E ratio of 36.97, a PEG ratio of 2.88 and a beta of 0.44. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $182.28. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07.

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

RTX Dividend Announcement

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

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.