RTX Corporation $RTX Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 43.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,795 shares of the company’s stock after selling 15,282 shares during the quarter. Machina Capital S.A.S.’s holdings in RTX were worth $3,675,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fortress Financial Group LLC acquired a new position in RTX in the second quarter valued at $358,000. Evergreen Advisors LLC purchased a new position in RTX during the first quarter worth about $31,000. BOK Financial Private Wealth Inc. purchased a new position in RTX during the second quarter worth about $36,000. Next Level Wealth Planning LLC acquired a new stake in RTX in the 3rd quarter worth about $41,000. Finally, Midwest Capital Advisors LLC acquired a new stake in RTX in the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent analyst reports. DA Davidson lifted their price target on RTX from $192.00 to $219.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Citigroup reiterated a “buy” rating on shares of RTX in a report on Wednesday, October 7th. Zacks Research upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Monday. Wells Fargo & Company raised their target price on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, Susquehanna boosted their target price on shares of RTX from $235.00 to $245.00 and gave the company a “positive” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $231.24.

RTX Trading Up 0.5%

Shares of RTX opened at $201.37 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $271.74 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 2.22 and a beta of 0.30. The stock’s fifty day simple moving average is $192.93 and its 200 day simple moving average is $195.57. RTX Corporation has a twelve month low of $166.74 and a twelve month high of $226.88.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm had revenue of $24.96 billion for the quarter, compared to analysts’ expectations of $24.11 billion. During the same quarter last year, the firm earned $1.70 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that RTX Corporation will post 7.73 earnings per share for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s dividend payout ratio (DPR) is 47.40%.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated 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 of the company’s stock, valued at $2,952,161.28. The trade was a 50.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Dantaya Williams sold 9,071 shares of the business’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $201.70, for a total value of $1,829,620.70. Following the sale, the executive vice president owned 16,930 shares of the company’s stock, valued at $3,414,781. The trade was a 34.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.10% of the company’s stock.

Recent RTX Headlines

These are some of the RTX headlines that stood out recently:

• Positive Sentiment: Cash-flow outlook: A report says RTX expects margin expansion and cash-flow growth in 2027, which could support future earnings and shareholder returns. RTX margin and cash-flow outlook
• Positive Sentiment: Defense demand: RTX’s Raytheon completed a third flight test of a U.S. Army training rocket. Separately, an RTX plan could raise Tomahawk and AMRAAM missile production substantially by 2030, pointing to potential program growth. Rocket flight test report Missile production report
• Neutral Sentiment: Valuation remains a consideration: RTX has substantially outperformed over the past three years, prompting questions about whether its share price is justified by expected cash flows. The positive growth outlook is balanced by a premium valuation.

About RTX

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.