Russell Investments Group Ltd. Buys 175,334 Shares of RTX Corporation $RTX

Russell Investments Group Ltd. raised its stake in RTX Corporation (NYSE:RTX - Free Report) by 15.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,301,998 shares of the company's stock after purchasing an additional 175,334 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of RTX worth $241,802,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Evergreen Advisors LLC bought a new stake in RTX in the 1st quarter worth $31,000. BOK Financial Private Wealth Inc. bought a new position in shares of RTX during the second quarter valued at about $36,000. Next Level Wealth Planning LLC bought a new position in shares of RTX during the third quarter valued at about $41,000. Midwest Capital Advisors LLC purchased a new stake in shares of RTX during the third quarter worth about $42,000. Finally, Groupe la Francaise boosted its holdings in shares of RTX by 50.9% during the second quarter. Groupe la Francaise now owns 261 shares of the company's stock worth $45,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 9,071 shares of RTX 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 sale, the executive vice president directly owned 16,930 shares in the company, valued at $3,414,781. The trade was a 34.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of the business's stock in a transaction that occurred on 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 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 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 insiders.

RTX News Summary

Here's some of the latest news about RTX:

• Positive Sentiment: RTX drew fresh attention for a DeepStrike test and a DARPA win, highlighting its defense-technology work. The articles supplied do not provide details on the award’s size or expected financial contribution. RTX DeepStrike Test And DARPA Win Put Fresh Focus On Defense Tech
• Positive Sentiment: Sector commentary included RTX among aerospace and defense companies that could benefit from rising defense spending, strong order backlogs and improved earnings prospects. Separate coverage also noted that RTX can earn from its installed engine base and related services, beyond new aircraft sales. Buy 4 Aerospace Defense Behemoths to Enhance Your Portfolio Returns How These 5 Aerospace Stocks Earn Money Beyond New Plane Sales
• Negative Sentiment: One Zacks assessment cautioned that RTX’s premium valuation could limit upside, despite its stronger performance and favorable earnings trends. RTX Outperforms Industry in the Past Year: Should You Buy?

RTX Price Performance

Shares of RTX opened at $198.39 on Friday. The company has a market capitalization of $267.71 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 2.23 and a beta of 0.30. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $192.88 and a 200 day moving average of $195.59. RTX Corporation has a twelve month low of $166.74 and a twelve month high of $226.88.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.48. The business had revenue of $24.96 billion for 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%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.70 EPS. As a group, equities research analysts anticipate that RTX Corporation will post 7.73 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be given a $0.73 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. RTX's payout ratio is 47.40%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DA Davidson boosted their target price on RTX from $192.00 to $219.00 and gave the company a "neutral" rating in a research note on Monday, July 27th. Citigroup reaffirmed a "buy" rating on shares of RTX in a research note on Wednesday, October 7th. Argus set a $245.00 price target on shares of RTX and gave the company a "buy" rating in a report on Thursday, July 30th. Rothschild & Co Redburn boosted their price objective on shares of RTX from $180.00 to $215.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. Finally, Zacks Research raised RTX from a "hold" rating to a "strong-buy" rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $231.24.

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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