Portside Wealth Group LLC Sells 4,803 Shares of RTX Corporation $RTX

by · The Markets Daily

Portside Wealth Group LLC reduced its holdings in RTX Corporation (NYSE:RTX – Free Report) by 15.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,783 shares of the company’s stock after selling 4,803 shares during the quarter. Portside Wealth Group LLC’s holdings in RTX were worth $3,765,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. PFS Partners LLC grew its holdings in 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 buying an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of RTX in the second quarter valued at approximately $29,000. Access Investment Management LLC acquired a new stake in shares of RTX in the second quarter worth $31,000. BOK Financial Private Wealth Inc. increased its position in RTX by 45.3% during the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after acquiring an additional 78 shares during the period. Finally, Summit Securities Group LLC acquired a new position in RTX during the 1st quarter valued at $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RTX shares. Wall Street Zen upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. JPMorgan Chase & Co. lifted their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Susquehanna boosted their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Finally, Sanford C. Bernstein lifted their price objective on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

Get Our Latest Research Report on RTX

RTX Stock Up 0.0%

Shares of RTX opened at $175.64 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $167.32 and a two-hundred day moving average price of $153.77. The stock has a market cap of $235.50 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 2.79 and a beta of 0.64. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $181.31.

RTX (NYSE:RTX – Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio (DPR) is presently 55.85%.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. Additional details regarding this sale are available in the official SEC disclosure. 0.15% of the stock is currently owned by insiders.

About RTX

(Free Report)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.

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