Vise Technologies Inc. Buys 79,478 Shares of RTX Corporation $RTX

Vise Technologies Inc. bought a new stake in shares of RTX Corporation (NYSE:RTX – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 79,478 shares of the company’s stock, valued at approximately $14,755,000.

Several other hedge funds also recently added to or reduced their stakes in RTX. BlackRock Inc. acquired a new stake in RTX during the 2nd quarter worth about $20,970,571,000. State Street Corp lifted its holdings in shares of RTX by 3.1% in the 2nd quarter. State Street Corp now owns 95,417,318 shares of the company’s stock valued at $18,103,528,000 after buying an additional 2,828,056 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of RTX by 5.0% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock valued at $1,649,501,000 after buying an additional 411,356 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of RTX by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,649,112 shares of the company’s stock worth $1,475,296,000 after buying an additional 95,726 shares during the last quarter. Finally, Amundi boosted its stake in shares of RTX by 4.0% in the second quarter. Amundi now owns 7,768,207 shares of the company’s stock worth $1,473,862,000 after buying an additional 295,964 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by insiders.

RTX Price Performance

Shares of RTX stock opened at $200.09 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. RTX Corporation has a twelve month low of $166.74 and a twelve month high of $226.88. The business has a 50-day moving average price of $194.81 and a 200 day moving average price of $195.55. The firm has a market cap of $270.01 billion, a PE ratio of 32.48, a P/E/G ratio of 2.23 and a beta of 0.30.

RTX (NYSE:RTX – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. The company had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. RTX’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 EPS. Sell-side analysts predict that RTX Corporation will post 7.67 earnings per share for the current fiscal year.

RTX Announces Dividend

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

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Defense-sector analysts expect an improving relationship between government agencies and contractors to reduce the risks associated with fixed-price development contracts, which have caused losses across the industry. Lower execution risk could support higher valuations for RTX and other major defense companies. Prediction: Defense Stocks Like Lockheed Martin, RTX, and Boeing Are Set to Soar
• Positive Sentiment: Continued U.S. defense spending, heightened geopolitical tensions involving Iran, and demand for aerospace and missile-defense systems are cited as long-term catalysts for RTX. These themes could improve investor expectations for defense contractors’ revenue visibility and backlog. Meghan Welch’s Bull Case in Defense & Aerospace as U.S.-Iran War Lingers
• Positive Sentiment: The proposed Golden Dome missile-defense network, reportedly starting at $185 billion and potentially reaching $1.2 trillion over 20 years including sustainment, could create substantial opportunities for major aerospace and defense suppliers such as RTX. The article does not identify RTX’s specific role or awarded contracts, so the benefit remains prospective. Golden Dome Is a $185 Billion Program, but Anduril Is Private. Here Are the 3 Public Companies Building It.
• Neutral Sentiment: Several articles concern NVIDIA’s GeForce RTX graphics cards, including RTX 5090 and RTX 5080 availability, gaming performance, and PC hardware deals. “RTX” in those headlines refers to NVIDIA’s product brand, not RTX Corporation, and therefore should not materially affect RTX shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RTX. TD Cowen dropped their target price on RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Rothschild & Co Redburn upped their price objective on RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Robert W. Baird set a $240.00 price objective on shares of RTX in a research note on Friday, July 24th. BNP Paribas Exane lifted their target price on shares of RTX from $220.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada decreased their target price on shares of RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average target price of $231.24.

Check Out Our Latest Report on RTX

About RTX

(Free Report)

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.

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