RTX Corporation $RTX Stock Holdings Decreased by Albar Capital Partners LLP

Key Points

• Albar Capital Partners LLP has reduced its holdings in RTX Corporation by 19.3%, selling 32,459 shares, and now owns 135,761 shares, which represent 8.2% of its investment portfolio.
• Insiders have recently sold a total of 73,557 shares of RTX stock worth over $11 million, indicating potential concerns about the company's stock performance.
• RTX has announced a quarterly dividend of $0.68, with a dividend yield of 1.7%, reflecting a commitment to returning value to shareholders.

Albar Capital Partners LLP trimmed its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 19.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,761 shares of the company's stock after selling 32,459 shares during the period. RTX accounts for about 8.2% of Albar Capital Partners LLP's holdings, making the stock its 4th largest holding. Albar Capital Partners LLP's holdings in RTX were worth $17,983,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RTX. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the first quarter valued at about $26,000. 10Elms LLP purchased a new stake in shares of RTX in the fourth quarter valued at about $29,000. Greenline Partners LLC purchased a new stake in shares of RTX in the fourth quarter valued at about $34,000. Summit Securities Group LLC purchased a new stake in shares of RTX in the first quarter valued at about $40,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of RTX in the fourth quarter valued at about $43,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RTX has been the topic of several recent research reports. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Wednesday, May 14th. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $154.00 price objective on shares of RTX and gave the stock a "market perform" rating in a research report on Friday, July 11th. Finally, UBS Group increased their price objective 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 investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.67.

RTX Stock Down 0.3%

NYSE RTX traded down $0.46 during trading hours on Wednesday, reaching $157.55. 941,228 shares of the company traded hands, compared to its average volume of 5,167,734. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $161.26. 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 stock has a market capitalization of $210.89 billion, a PE ratio of 34.64, a PEG ratio of 2.92 and a beta of 0.67. The company has a 50 day moving average of $152.78 and a two-hundred day moving average of $138.94.

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, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the firm posted $1.41 EPS. The firm'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. As a group, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX's payout ratio is 59.78%.

Insiders Place Their Bets

In related news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated 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 owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 56,635 shares of company stock worth $8,947,010. Corporate insiders own 0.15% of the company's stock.

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.