Aberdeen Group plc Purchases 6,370 Shares of RTX Corporation $RTX

Key Points

• Aberdeen Group plc increased its stake in RTX Corporation by 1.1%, now owning 571,720 shares valued at approximately $75 million.
• Analyst ratings for RTX are generally positive, with a consensus rating of "Moderate Buy" and target prices ranging from $129 to $182.
• RTX recently declared a quarterly dividend of $0.68 per share, representing an annual yield of 1.8%, with a payout ratio of approximately 59.78%.

Aberdeen Group plc increased its position in RTX Corporation (NYSE:RTX - Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 571,720 shares of the company's stock after buying an additional 6,370 shares during the period. Aberdeen Group plc's holdings in RTX were worth $75,224,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RTX. Nuveen LLC bought a new stake in shares of RTX in the first quarter valued at approximately $916,739,000. GAMMA Investing LLC raised its stake in RTX by 14,838.5% during the first quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock worth $551,460,000 after acquiring an additional 4,135,349 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of RTX by 43.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after buying an additional 3,164,844 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of RTX by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock valued at $845,784,000 after buying an additional 1,394,918 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in RTX by 1.1% in the first 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. 86.50% of the stock is owned by institutional investors.

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,589 shares of company stock valued at $7,126,389 in the last ninety days. Insiders own 0.15% of the company's stock.

RTX Stock Up 2.1%

NYSE:RTX traded up $3.2880 on Wednesday, hitting $156.9480. The stock had a trading volume of 1,902,192 shares, compared to its average volume of 5,266,299. The business's fifty day moving average is $150.14 and its 200 day moving average is $136.83. The company has a market cap of $210.08 billion, a PE ratio of 34.49, a P/E/G ratio of 2.87 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $158.79.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter last year, the company earned $1.41 earnings per share. The company's revenue for the quarter 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, equities research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. RTX's payout ratio is 59.78%.

Analyst Ratings Changes

A number of brokerages recently commented on RTX. UBS Group lifted their price objective on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Citigroup boosted their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Sanford C. Bernstein set a $154.00 price target on RTX and gave the company a "market perform" rating in a research note on Friday, July 11th. Finally, Cowen restated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $158.67.

RTX 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.