Atria Investments Inc Purchases Shares of 91,146 RTX Corporation (NYSE:RTX)

Key Points

• Atria Investments Inc has acquired a new stake in RTX Corporation, purchasing 91,146 shares valued at approximately $12.07 million.
• RTX reported earnings per share (EPS) of $1.56 in its latest quarterly results, exceeding analysts' estimates of $1.45, alongside a revenue increase of 9.4% year-over-year.
• The company has declared a quarterly dividend of $0.68, which will be paid on September 4th, representing an annualized dividend yield of 1.73%.

Atria Investments Inc purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 91,146 shares of the company's stock, valued at approximately $12,073,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in RTX during the 4th quarter valued at about $1,745,644,000. GAMMA Investing LLC lifted its position in RTX by 14,838.5% during the 1st quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock valued at $551,460,000 after acquiring an additional 4,135,349 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in 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 valued at $1,216,063,000 after acquiring an additional 3,164,844 shares during the period. Invesco Ltd. lifted its position in RTX by 17.6% during the 4th quarter. Invesco Ltd. now owns 10,157,769 shares of the company's stock valued at $1,175,457,000 after acquiring an additional 1,522,251 shares during the period. Finally, Castlekeep Investment Advisors LLC purchased a new position in RTX during the 4th quarter valued at about $138,585,000. Institutional investors own 86.50% of the company's stock.

RTX Trading Up 1.1%

Shares of NYSE:RTX traded up $1.64 during midday trading on Friday, reaching $156.86. 4,727,235 shares of the company's stock were exchanged, compared to its average volume of 4,909,235. The firm's 50 day simple moving average is $143.48 and its two-hundred day simple moving average is $132.81. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $157.33. The stock has a market cap of $209.96 billion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 2.86 and a beta of 0.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter last year, the business posted $1.41 EPS. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The business 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.73%. RTX's dividend payout ratio (DPR) is 59.78%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RTX. DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 price target for the company in a research report on Friday, April 25th. Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. The Goldman Sachs Group upped their price target on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Finally, Cowen reiterated a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Six analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $154.88.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value 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 $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the transaction, the executive vice president owned 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,530 shares of company stock valued at $3,080,191 over the last three months. 0.15% of the stock is currently owned by insiders.

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.