241,837 Shares in RTX Corporation $RTX Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new position in shares of RTX Corporation (NYSE:RTX) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 241,837 shares of the company’s stock, valued at approximately $45,209,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Montz Harcus Wealth Management LLC lifted its stake in RTX by 3.2% in the second quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $311,000 after buying an additional 51 shares during the last quarter. IMG Wealth Management Inc. grew its position in shares of RTX by 5.7% during the third quarter. IMG Wealth Management Inc. now owns 958 shares of the company’s stock worth $178,000 after acquiring an additional 52 shares during the last quarter. Safeguard Investment Advisory Group LLC grew its position in shares of RTX by 2.4% during the second quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company’s stock worth $430,000 after acquiring an additional 53 shares during the last quarter. Global View Capital Management LLC increased its holdings in shares of RTX by 4.0% in the 3rd quarter. Global View Capital Management LLC now owns 1,373 shares of the company’s stock worth $255,000 after acquiring an additional 53 shares during the period. Finally, Investment Research Partners LLC increased its holdings in shares of RTX by 2.3% in the 3rd quarter. Investment Research Partners LLC now owns 2,502 shares of the company’s stock worth $464,000 after acquiring an additional 56 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Up 0.4%

RTX stock opened at $203.70 on Wednesday. The company has a 50-day moving average of $194.55 and a two-hundred day moving average of $195.62. The stock has a market capitalization of $274.88 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.26 and a beta of 0.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. RTX Corporation has a 52-week low of $166.74 and a 52-week high of $226.88.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The firm had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. During the same period in the prior year, the company earned $1.70 EPS. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, equities research analysts anticipate that RTX Corporation will post 7.67 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 20th. RTX’s dividend payout ratio is currently 47.40%.

Insider Activity

In other news, EVP Dantaya M. Williams sold 9,071 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the transaction, the executive vice president directly owned 16,930 shares in the company, valued at approximately $3,414,781. This represents a 34.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of RTX from $195.00 to $206.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Wells Fargo & Company upped their price objective on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Robert W. Baird set a $240.00 price target on RTX in a research note on Friday, July 24th. Weiss Ratings upgraded shares of RTX from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, October 22nd. Finally, Argus set a $245.00 target price on shares of RTX and gave the stock a “buy” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $231.24.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, won a phase-one DARPA contract to develop all-optical signal processing for the PICASSO program. The technology is intended to help military operators detect and respond to threats faster, adding to RTX’s defense-technology pipeline, though the initial award is an early-stage development contract. Article: RTX’s Raytheon to develop new optical signal processing capability
• Positive Sentiment: A commentary highlighted potential longer-term demand for RTX’s Patriot, radar, and counter-drone systems as militaries replenish weapons and expand air defenses. This is an industry-demand thesis rather than a newly announced order for RTX. Article: Why I’m Watching This Missile Defense Giant as America Rearms for Drone Warfare
• Neutral Sentiment: Wall Street analysts were described as cautiously optimistic, reflecting RTX’s past outperformance but not signaling a clear near-term change in expectations. Article: Are Wall Street Analysts Bullish on RTX Corporation Stock?
• Negative Sentiment: EVP Dantaya Williams sold 9,071 shares for about $1.83 million, reducing her holdings by roughly 35%. Insider sales can weigh on sentiment, although the filing alone does not establish the reason for the transaction. SEC filing for the insider transaction

RTX Company Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.