104,135 RTX Corporation $RTX Shares Sold by Danske Bank A S

Danske Bank A S reduced its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 9.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 950,132 shares of the company's stock after selling 104,135 shares during the period. Danske Bank A S owned about 0.07% of RTX worth $176,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pine Valley Investments Ltd Liability Co raised its position in shares of RTX by 63.2% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 33,877 shares of the company's stock worth $6,535,000 after acquiring an additional 13,118 shares during the last quarter. Rokos Capital Management LLP boosted its holdings in RTX by 804.3% in the first quarter. Rokos Capital Management LLP now owns 556,152 shares of the company's stock valued at $107,265,000 after acquiring an additional 494,652 shares during the last quarter. Legal & General Group Plc acquired a new stake in RTX during the 2nd quarter valued at approximately $1,267,256,000. Eastern Bank increased its position in RTX by 112.0% during the 3rd quarter. Eastern Bank now owns 177,392 shares of the company's stock valued at $32,933,000 after purchasing an additional 93,725 shares during the period. Finally, Corient Private Wealth LP raised its holdings in RTX by 2,669.1% during the 2nd quarter. Corient Private Wealth LP now owns 1,399,904 shares of the company's stock worth $265,604,000 after purchasing an additional 1,349,350 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Up 0.1%

Shares of NYSE RTX traded up $0.25 during midday trading on Friday, hitting $198.61. 2,885,106 shares of the stock traded hands, compared to its average volume of 6,045,161. 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 one year low of $166.74 and a one year high of $226.88. The business has a 50 day moving average price of $192.81 and a two-hundred day moving average price of $195.57. The company has a market cap of $268.02 billion, a PE ratio of 32.24, a P/E/G ratio of 2.19 and a beta of 0.30.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping 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 company had revenue of $24.96 billion for the quarter, compared to analysts' expectations of $24.11 billion. During the same period last year, the business earned $1.70 EPS. RTX's quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts predict that RTX Corporation will post 7.73 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be paid 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 of this dividend is Friday, November 20th. RTX's dividend payout ratio (DPR) is 47.40%.

Key RTX News

Investors following RTX have been watching these news items:

• Positive Sentiment: S&P Global Ratings upgraded RTX’s issuer and unsecured debt ratings to A- from BBB+, citing strong aerospace and defense demand and continued debt reduction. The stable outlook reflects expectations that leverage and cash-flow metrics will remain strong. S&P Global Ratings upgrades RTX
• Positive Sentiment: A sector outlook highlighted RTX among aerospace and defense companies positioned to benefit from rising defense spending, large order backlogs and improved earnings prospects. Aerospace and defense stocks outlook
• Neutral Sentiment: RTX is part of the Pentagon’s Golden Dome missile-shield effort, but the report says established contractors’ large interceptor backlogs remain more significant than new entrants’ roles. It does not identify a specific new award or revenue for RTX. Golden Dome funding and contractors

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RTX shares. Rothschild & Co Redburn boosted their price target on shares of RTX from $180.00 to $215.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. Deutsche Bank cut shares of RTX from a "buy" rating to a "hold" rating and set a $208.00 price objective for the company. in a research report on Tuesday, October 13th. Morgan Stanley restated an "overweight" rating and issued a $240.00 target price (up from $220.00) on shares of RTX in a report on Friday, July 24th. BNP Paribas Exane upped their price target on shares of RTX from $220.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Finally, Susquehanna increased their price target on RTX from $235.00 to $245.00 and gave the stock 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 issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.24.

Insiders Place Their Bets

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 transaction of $3,057,627.60. Following the completion of the transaction, the executive vice president directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $1,829,620.70. Following the sale, the executive vice president directly owned 16,930 shares of the company's stock, valued at approximately $3,414,781. The trade was a 34.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

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.

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