RTX Corporation $RTX Shares Newly Purchased by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. bought a new position in shares of RTX Corporation (NYSE:RTX) in the 3rd quarter, HoldingsChannel reports. The fund bought 185,965 shares of the company’s stock, valued at approximately $34,524,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RTX. Legacy Wealth Management LLC MS lifted its holdings in shares of RTX by 2.6% in the third quarter. Legacy Wealth Management LLC MS now owns 36,830 shares of the company’s stock valued at $6,838,000 after purchasing an additional 936 shares in the last quarter. Garde Capital Inc. boosted its position in shares of RTX by 20.8% during the third quarter. Garde Capital Inc. now owns 2,024 shares of the company’s stock valued at $376,000 after buying an additional 348 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management boosted its position in shares of RTX by 17.0% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 9,501 shares of the company’s stock valued at $1,764,000 after buying an additional 1,379 shares during the last quarter. Next Level Wealth Planning LLC bought a new stake in RTX during the third quarter worth $41,000. Finally, Signature Equity Partners LLC bought a new stake in RTX during the third quarter worth $220,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $203.70 on Wednesday. The firm has a market cap of $274.88 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 2.26 and a beta of 0.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. RTX Corporation has a 52 week low of $166.74 and a 52 week high of $226.88. The firm’s 50-day simple moving average is $194.55 and its two-hundred day simple moving average is $195.62.

RTX (NYSE:RTX) last released 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 net margin of 8.75% and a return on equity of 14.89%. The firm had revenue of $24.96 billion for the quarter, compared to analysts’ expectations of $24.11 billion. During the same period in the previous year, the company earned $1.70 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities analysts forecast that RTX Corporation will post 7.67 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors 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 1.4%. The ex-dividend date of this dividend is Friday, November 20th. RTX’s payout ratio is 47.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company increased their price target on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Barclays lifted their price objective on shares of RTX from $223.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Robert W. Baird set a $240.00 price objective on shares of RTX in a report on Friday, July 24th. Citigroup reiterated a “buy” rating on shares of RTX in a research note on Wednesday, October 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of RTX from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, July 24th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $231.24.

Insider Buying and Selling

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction that occurred 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 owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dantaya 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 value of $1,829,620.70. Following the completion of the transaction, the executive vice president owned 16,930 shares in the company, valued at approximately $3,414,781. The trade was a 34.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

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.