32,637 Shares in RTX Corporation $RTX Bought by Mubadala Investment Co PJSC

Key Points

• Mubadala Investment Co PJSC acquired 32,637 shares of RTX Corporation, worth approximately $4.32 million, making it the company's 14th largest holding.
• Insiders at RTX sold a total of 73,557 shares for about $11.28 million over the past 90 days, with Shane G. Eddy selling 25,968 shares for $4.15 million.
• RTX Corporation reported quarterly earnings of $1.56 per share, exceeding analyst estimates, and has set its FY 2025 guidance at $5.80-$5.95 EPS.

Mubadala Investment Co PJSC purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 32,637 shares of the company's stock, valued at approximately $4,323,000. RTX comprises about 0.0% of Mubadala Investment Co PJSC's portfolio, making the stock its 14th largest holding.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock worth $1,371,171,000 after purchasing an additional 104,139 shares during the period. Invesco Ltd. boosted its position in RTX by 1.5% in the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock valued at $1,365,969,000 after buying an additional 154,544 shares during the period. Dimensional Fund Advisors LP boosted its position in RTX by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock valued at $1,021,623,000 after buying an additional 65,493 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in RTX by 0.5% in the 4th quarter. Nuveen Asset Management LLC now owns 6,947,301 shares of the company's stock valued at $803,942,000 after buying an additional 35,794 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Philip J. Jasper sold 12,847 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares of the company's stock, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,635 shares of company stock worth $8,947,010. Company insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on RTX shares. Susquehanna boosted their price objective on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research report on Wednesday, May 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, UBS Group upped their price target on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of "Moderate Buy" and an average price target of $158.67.

RTX Stock Down 0.4%

Shares of NYSE RTX traded down $0.69 during trading hours on Tuesday, hitting $157.91. 3,259,056 shares of the stock were exchanged, compared to its average volume of 5,193,481. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a market cap of $211.37 billion, a PE ratio of 34.71, a PEG ratio of 2.92 and a beta of 0.67. The firm has a fifty day moving average price of $152.45 and a 200-day moving average price of $138.81. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $161.26.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the previous year, the business posted $1.41 EPS. RTX's revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 15th. RTX's dividend payout ratio is 59.78%.

RTX Company Profile

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.