Jim Cramer on Netflix and Other Stocks

11. RTX Corporation (NYSE:RTX)

Number of Hedge Fund Holders: 54

RTX Corporation (NYSE:RTX) is an aerospace and defense company. It offers a variety of systems and services tailored to meet the needs of commercial, military, and government clients both in the United States and globally. The company offers its services and products through three businesses, Collins Aerospace, Pratt & Whitney, and Raytheon. Cramer called the stock a winner and said to hold on to it, highlighting that it is not expensive.

“It only sells at 22 times earnings. It did hit an all-time high today, but you know what, it’s not expensive. It’s got a 2% yield. Here’s what I would do… You can try to cut the position back a little if it’s too big for you, but otherwise, you hold on. It’s a winner and nothing there shows me that it won’t continue to be so.”

Recently, RTX (NYSE:RTX) announced a quarterly dividend of $0.63 per share, payable by December 12 to shareowners of record on November 15. The company has consistently paid cash dividends on its common stock since 1936, highlighting a long-standing tradition of shareholder return.

During the second quarter, RTX (NYSE:RTX) showed substantial operational achievements, including a 10% increase in organic sales. The company also experienced adjusted margin growth across all three segments, complemented by an impressive $2.2 billion of free cash flow. Management highlighted its substantial backlog totaling $206 billion and commented that there is an unprecedented demand for its offerings. The company is concentrating on fulfilling customer commitments, driven by its CORE operating system, which facilitates efficient execution and management of operations.