Wilmington Savings Fund Society FSB Has $18.17 Million Stock Position in RTX Corporation $RTX

Wilmington Savings Fund Society FSB cut its holdings in RTX Corporation (NYSE:RTX) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,578 shares of the company’s stock after selling 2,749 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in RTX were worth $18,168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its position in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares during the last quarter. Balefire LLC acquired a new position in shares of RTX during the second quarter worth $218,000. Breakwater Capital Group lifted its stake in shares of RTX by 1.9% in the 2nd quarter. Breakwater Capital Group now owns 5,344 shares of the company’s stock valued at $780,000 after acquiring an additional 99 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of RTX by 450.6% during the 2nd quarter. Pallas Capital Advisors LLC now owns 23,542 shares of the company’s stock valued at $3,438,000 after acquiring an additional 19,266 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on RTX shares. Citigroup upped their target price on RTX from $211.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group restated a “hold” rating and set a $190.00 price target on shares of RTX in a report on Tuesday, November 25th. UBS Group lowered shares of RTX from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $202.00 to $199.00 in a report on Monday, January 5th. Robert W. Baird set a $203.00 target price on shares of RTX in a report on Wednesday, October 22nd. Finally, Susquehanna restated a “positive” rating and issued a $230.00 price target on shares of RTX in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.88.

Insider Activity

In related 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 transaction of $873,547.35. Following the sale, the executive vice president owned 59,556 shares in the company, 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 the SEC website. 0.15% of the stock is owned by corporate insiders.

RTX Stock Up 0.5%

RTX stock opened at $199.75 on Friday. The firm has a market cap of $267.82 billion, a price-to-earnings ratio of 41.02, a PEG ratio of 2.89 and a beta of 0.44. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $200.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The firm has a 50 day moving average price of $179.89 and a two-hundred day moving average price of $166.39.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $21.26 billion. During the same period in the prior year, the firm posted $1.45 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, November 21st. 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.