AdviceOne Advisory Services LLC Buys 37,125 Shares of RTX Corporation $RTX

Key Points

• AdviceOne Advisory Services LLC increased its stake in RTX Corporation by 7.2% during Q1, owning 550,055 shares, which makes up 59.5% of its portfolio, valued at approximately $72.86 million.
• RTX reported earnings of $1.56 per share, exceeding estimates, with total revenue of $21.58 billion for the quarter, reflecting a 9.4% year-over-year increase.
• The company also announced a quarterly dividend of $0.68, resulting in an annualized yield of 1.7% and a payout ratio of 59.78%.

AdviceOne Advisory Services LLC raised its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 550,055 shares of the company's stock after buying an additional 37,125 shares during the quarter. RTX comprises about 59.5% of AdviceOne Advisory Services LLC's investment portfolio, making the stock its biggest position. AdviceOne Advisory Services LLC's holdings in RTX were worth $72,860,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX during the first quarter worth $26,000. 10Elms LLP acquired a new stake in shares of RTX during the fourth quarter worth $29,000. Summit Securities Group LLC acquired a new stake in shares of RTX during the first quarter worth $40,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of RTX during the fourth quarter worth $43,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of RTX during the first quarter worth $44,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Down 1.1%

Shares of RTX opened at $155.90 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $208.68 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 2.91 and a beta of 0.67. The stock's fifty day simple moving average is $154.64 and its 200 day simple moving average is $140.58. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $161.26.

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

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were given a $0.68 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 annualized dividend and a yield of 1.7%. RTX's dividend payout ratio (DPR) is 59.78%.

Insider Buying and Selling

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares of the company's stock, valued at $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last ninety days. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Morgan Stanley raised their price objective on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. The Goldman Sachs Group raised their price objective on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Susquehanna raised their price objective on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, RTX has an average rating of "Moderate Buy" and an average price target of $158.87.

About RTX

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.

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