Meyer Handelman Co. Cuts Stock Position in RTX Corporation $RTX

Meyer Handelman Co. decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,541 shares of the company’s stock after selling 3,020 shares during the quarter. Meyer Handelman Co.’s holdings in RTX were worth $29,373,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. PFS Partners LLC raised its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in RTX during the second quarter worth approximately $29,000. Access Investment Management LLC bought a new stake in RTX during the second quarter worth approximately $31,000. Clayton Financial Group LLC purchased a new stake in RTX during the third quarter valued at approximately $36,000. Finally, Halbert Hargrove Global Advisors LLC lifted its stake in shares of RTX by 194.5% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 215 shares of the company’s stock valued at $36,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the topic of several analyst reports. Bank of America boosted their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Sanford C. Bernstein lifted their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Susquehanna increased their target price on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group restated a “hold” rating and issued a $190.00 target price on shares of RTX in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Monday. Three equities 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 company’s stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $184.18.

RTX Stock Down 0.7%

NYSE:RTX opened at $185.15 on Friday. The company has a market cap of $248.25 billion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 2.95 and a beta of 0.44. RTX Corporation has a twelve month low of $112.27 and a twelve month 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 stock has a fifty day simple moving average of $176.15 and a 200-day simple moving average of $162.00.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts anticipate that RTX Corporation will post 6.11 EPS for the current 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 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 yield of 1.5%. RTX’s dividend payout ratio is 55.85%.

Insider Transactions at RTX

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

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.