Advisors Capital Management LLC Has $51.95 Million Stake in RTX Corporation $RTX

Key Points

• Advisors Capital Management LLC has increased its stake in RTX Corporation by 1.3%, bringing its total holdings to 392,224 shares valued at approximately $51.95 million.
• RTX's latest earnings report shows an EPS of $1.56, surpassing estimates, and a revenue of $21.58 billion, reflecting a 9.4% increase year-over-year.
• The company's quarterly dividend of $0.68, announced recently, represents an annualized yield of 1.8% with a payout ratio of 59.78%.

Advisors Capital Management LLC grew its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 392,224 shares of the company's stock after acquiring an additional 5,081 shares during the quarter. Advisors Capital Management LLC's holdings in RTX were worth $51,954,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of RTX during the first quarter worth about $916,739,000. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 4,135,349 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock worth $845,784,000 after purchasing an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of RTX by 1.1% during 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 last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock worth $160,588,000 after purchasing an additional 1,117,506 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Price Performance

Shares of RTX opened at $154.88 on Thursday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $161.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The business's 50 day moving average price is $154.20 and its two-hundred day moving average price is $140.15. The firm has a market cap of $207.32 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 2.80 and a beta of 0.67.

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

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were paid 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 1.8%. RTX's payout ratio is 59.78%.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 13,184 shares of the company's stock, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shane G. Eddy sold 25,968 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RTX shares. The Goldman Sachs Group boosted their price target on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Susquehanna boosted their price target on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Bank of America upped their target price on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Morgan Stanley upped their target price on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Cowen reiterated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Three research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $158.87.

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.

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