Caisse DE Depot ET Placement DU Quebec Acquires Shares of 679,612 RTX Corporation $RTX

Key Points

• Caisse DE Depot ET Placement DU Quebec invested approximately $90.02 million in RTX Corporation by acquiring 679,612 shares, representing about 0.05% of the company.
• RTX recently announced quarterly earnings of $1.56 per share, exceeding analysts' estimates of $1.45, and reported revenue of $21.58 billion, marking a 9.4% year-over-year increase.
• The company declared a quarterly dividend of $0.68 per share, with an annualized yield of 1.7%, and maintains a payout ratio of 59.78%.

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 679,612 shares of the company's stock, valued at approximately $90,021,000. Caisse DE Depot ET Placement DU Quebec owned 0.05% of RTX as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of RTX in the 1st quarter worth about $916,739,000. GAMMA Investing LLC increased its holdings in shares of RTX by 14,838.5% in the 1st quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock worth $551,460,000 after acquiring an additional 4,135,349 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock worth $845,784,000 after acquiring an additional 1,394,918 shares during the period. Vanguard Group Inc. increased its holdings in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares during the period. Finally, Castlekeep Investment Advisors LLC acquired a new stake in shares of RTX in the 4th quarter worth about $138,585,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

Shares of NYSE:RTX traded up $0.92 during trading hours on Thursday, hitting $160.76. 3,116,368 shares of the company's stock traded hands, compared to its average volume of 3,918,701. 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 company's fifty day simple moving average is $151.96 and its two-hundred day simple moving average is $138.18. The company has a market cap of $215.18 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 2.95 and a beta of 0.69.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same quarter last year, the firm posted $1.41 EPS. The business's revenue for the quarter 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, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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

Insider Activity at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of the firm's 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 transaction, the vice president 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,557 shares of company stock worth $11,275,816. Company insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Susquehanna increased their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Barclays increased their price objective on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, The Goldman Sachs Group increased their target price on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.