Welch Group LLC Sells 3,326 Shares of RTX Corporation $RTX

Welch Group LLC decreased its holdings in RTX Corporation (NYSE:RTX) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 518,150 shares of the company’s stock after selling 3,326 shares during the period. RTX comprises 3.4% of Welch Group LLC’s holdings, making the stock its 4th biggest position. Welch Group LLC’s holdings in RTX were worth $86,702,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RTX. PFS Partners LLC boosted its stake in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in RTX in the 2nd quarter valued at $29,000. Access Investment Management LLC bought a new stake in shares of RTX during the 2nd quarter valued at $31,000. BOK Financial Private Wealth Inc. grew its holdings in shares of RTX by 45.3% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new position in shares of RTX in the second quarter worth $42,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RTX shares. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Sanford C. Bernstein upped their price target on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. BNP Paribas Exane began coverage on shares of RTX in a research report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday. Finally, BNP Paribas raised RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $184.18.

RTX Stock Up 2.0%

Shares of RTX opened at $185.70 on Tuesday. 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 Corporation has a 52 week low of $112.27 and a 52 week high of $185.87. The stock has a market capitalization of $248.97 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 2.88 and a beta of 0.44. The stock has a fifty day moving average of $173.91 and a 200-day moving average of $161.02.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.RTX’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts anticipate 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. Stockholders of record on Friday, November 21st were paid a $0.68 dividend. 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 is currently 55.85%.

Insider Transactions at RTX

In related 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 sale, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.

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.