SteelPeak Wealth LLC Has $926,000 Stock Holdings in RTX Corporation $RTX

SteelPeak Wealth LLC decreased its position in RTX Corporation (NYSE:RTXFree Report) by 76.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,535 shares of the company’s stock after selling 18,154 shares during the period. SteelPeak Wealth LLC’s holdings in RTX were worth $926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. PFS Partners LLC boosted its stake in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of RTX during the second quarter worth approximately $29,000. Access Investment Management LLC acquired a new position in RTX in the second quarter valued at approximately $31,000. Clayton Financial Group LLC bought a new position in RTX in the third quarter valued at approximately $36,000. Finally, Halbert Hargrove Global Advisors LLC boosted its stake in RTX by 194.5% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 215 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent research reports. Jefferies Financial Group reiterated a “hold” rating and set a $190.00 target price on shares of RTX in a research report on Tuesday, November 25th. BNP Paribas raised RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Bank of America increased their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Morgan Stanley set a $215.00 target price on RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Sanford C. Bernstein upped their price target on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Three research 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, RTX presently has an average rating of “Moderate Buy” and an average price target of $184.18.

Get Our Latest Research Report on RTX

RTX Stock Performance

RTX stock opened at $187.10 on Friday. 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 firm has a market cap of $250.86 billion, a PE ratio of 38.42, a P/E/G ratio of 2.73 and a beta of 0.44. The business’s 50-day moving average price is $177.21 and its two-hundred day moving average price is $163.56.

RTX (NYSE:RTXGet Free Report) last released its quarterly 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. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same quarter last year, the firm posted $1.45 earnings per share. RTX’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. As a group, research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Insiders Place Their Bets

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were 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 in the company, valued at $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.15% of the company’s stock.

Key Stores Impacting RTX

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About RTX

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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