RTX Q3 EPS Beats by $0.29, Issues $6.10–$6.20 FY2025 Guidance

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RTX reported Q3 earnings of $1.70 per share, beating consensus by $0.29 on revenue of $22.48 billion, up 11.9% year-over-year, and issued FY2025 EPS guidance of $6.10–$6.20. Everpar Advisors doubled its stake to 14,197 shares worth $2.376 million, while State Street added 552,009 shares to reach a 112.7 million-share position.

1. Institutional Stake Increase

Everpar Advisors LLC more than doubled its position in RTX Corporation during the third quarter, acquiring an additional 7,131 shares to bring its total holding to 14,197 shares. This stake now represents approximately 0.9% of Everpar’s investment portfolio and ranks RTX as its 19th largest holding. According to the latest SEC filing, Everpar’s RTX shares were valued at $2,376,000 at quarter-end. Other notable institutional moves include State Street Corp increasing its stake by 0.5% to 112,706,833 shares (worth $16.46 billion), the Florida Retirement System adding 16,034 shares for a total of 1,317,166 shares, and Bank Julius Baer & Co. Ltd Zurich expanding its position by more than 28,000% to 11,926 shares. Overall, hedge funds and institutions now own approximately 86.5% of RTX’s outstanding shares.

2. Strong Q3 Earnings and Full-Year Guidance

In its third-quarter report, RTX delivered earnings per share of $1.70, topping analyst consensus by $0.29, on revenue of $22.48 billion, an 11.9% year-over-year increase and $1.22 billion above estimates. The company achieved a net margin of 7.67% and returned 13.28% on equity. Building on this performance, RTX set its fiscal 2025 EPS guidance in a range of 6.10 to 6.20, in line with the consensus forecast of 6.11. Management cited robust demand across commercial aerospace and defense segments—particularly aftermarket services for Pratt & Whitney engines and Collins Aerospace systems—as drivers of both current results and future outlook.

3. Dividend Policy and Insider Transactions

RTX declared a quarterly dividend of $0.68 per share, marking an annualized payout of $2.72 and a yield of 1.5%. The dividend payout ratio stands at 55.85%, reflecting a balance between returning capital and funding ongoing R&D. In insider activity, Executive Vice President Neil G. Mitchill, Jr. sold 4,849 shares in late October, reducing his ownership by 7.53% to 59,556 shares. The transaction generated proceeds totaling $873,547, as disclosed in SEC filings. Insider ownership remains modest at 0.15% of total shares outstanding.

4. Analyst Outlook and Company Profile

Consensus among 23 equity analysts tracks a ‘Moderate Buy’ sentiment on RTX, with three ‘Strong Buy’, fifteen ‘Buy’ and five ‘Hold’ ratings. Recent research notes have reaffirmed buy ratings and, in some cases, raised earnings forecasts following the Q3 beat. RTX, formed by the 2020 merger of Raytheon Company and United Technologies, operates across commercial aerospace and defense. Its commercial unit includes Pratt & Whitney aircraft engines and Collins Aerospace systems, supplying propulsion, avionics, aerostructures and integrated aircraft solutions. The defense segment offers missile systems, radar and cybersecurity services to global military and government customers.

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