Belmont Capital LLC Acquires New Stake in RTX Corporation $RTX

Key Points

• Belmont Capital LLC has acquired a new stake in RTX Corporation consisting of 3,701 shares, valued at approximately $490,000.
• RTX reported a 9.4% year-over-year increase in revenue, reaching $21.58 billion, and earnings per share (EPS) of $1.56, beating estimates by $0.11.
• The company has announced a quarterly dividend of $0.68 per share, indicating a dividend yield of 1.7% and a payout ratio of 59.78%.

Belmont Capital LLC acquired a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,701 shares of the company's stock, valued at approximately $490,000.

Other large investors have also made changes to their positions in the company. Bay Capital Advisors LLC acquired a new stake in shares of RTX during the first quarter valued at $224,000. Dynamic Advisor Solutions LLC boosted its stake in shares of RTX by 8.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock valued at $4,591,000 after acquiring an additional 2,686 shares during the last quarter. Brookwood Investment Group LLC acquired a new stake in shares of RTX during the first quarter valued at $1,288,000. Deutsche Bank AG boosted its stake in shares of RTX by 46.0% during the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock valued at $344,075,000 after acquiring an additional 936,953 shares during the last quarter. Finally, LBP AM SA lifted its position in RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after buying an additional 41,990 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Performance

RTX stock opened at $157.91 on Wednesday. The company has a market cap of $211.37 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. 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 Corporation has a 12 month low of $112.27 and a 12 month high of $161.26. The stock's 50-day moving average is $152.78 and its 200-day moving average is $138.94.

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

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 15th. RTX's dividend payout ratio (DPR) is presently 59.78%.

Insider Buying and Selling at RTX

In related 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 transaction of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RTX shares. Cowen reiterated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Susquehanna increased their target price on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Finally, Bank of America raised their price objective on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Three research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $158.67.

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.

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