Aptus Capital Advisors LLC Reduces Position in RTX Corporation $RTX

Key Points

• Aptus Capital Advisors LLC decreased its holdings in RTX Corporation by 6.2%, owning 40,564 shares valued at approximately $5.37 million after selling 2,689 shares during the first quarter.
• RTX's recent quarterly earnings showed $1.56 EPS, surpassing estimates, with a revenue of $21.58 billion—an increase of 9.4% from the previous year.
• The firm announced a quarterly dividend of $0.68 per share, set to be paid on September 4th, reflecting an annualized yield of 1.8%.

Aptus Capital Advisors LLC cut its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,564 shares of the company's stock after selling 2,689 shares during the period. Aptus Capital Advisors LLC's holdings in RTX were worth $5,373,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised 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. Northern Trust Corp raised its stake in shares of RTX by 8.4% during the 4th quarter. Northern Trust Corp now owns 12,912,698 shares of the company's stock worth $1,494,257,000 after purchasing an additional 997,806 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of RTX by 43.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock worth $1,216,063,000 after purchasing an additional 3,164,844 shares during the period. Charles Schwab Investment Management Inc. raised 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. Finally, Invesco Ltd. raised its stake in shares of RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock worth $1,365,969,000 after purchasing an additional 154,544 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Bank of America boosted their price objective on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Barclays boosted their price objective on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a report on Monday, July 14th. The Goldman Sachs Group lifted their target price on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. Finally, Morgan Stanley lifted 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. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $158.67.

Insider Buying and Selling

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the sale, the executive vice president owned 16,538 shares of the company's stock, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,589 shares of company stock worth $7,126,389 over the last ninety days. Corporate insiders own 0.15% of the company's stock.

RTX Price Performance

Shares of NYSE RTX traded down $0.0530 during midday trading on Friday, hitting $156.2670. 4,250,914 shares of the company's stock were exchanged, compared to its average volume of 4,034,675. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $158.79. 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 company has a market cap of $209.17 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 2.88 and a beta of 0.69. The business's fifty day moving average price is $150.96 and its two-hundred day moving average price is $137.34.

RTX (NYSE:RTX - Get Free Report) last issued 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 return on equity of 12.89% and a net margin of 7.35%.The company 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 firm earned $1.41 earnings per share. 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. As a group, research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

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.