Campbell & CO Investment Adviser LLC Has $2.04 Million Stock Position in RTX Corporation $RTX

Key Points

• Campbell & CO Investment Adviser LLC reduced its RTX Corporation holdings by 65.2%, leaving them with 15,395 shares valued at approximately $2.04 million.
• Analysts have raised their price targets for RTX, with Barclays increasing theirs to $153, while Morgan Stanley set theirs at $180, indicating a generally positive outlook.
• RTX announced a quarterly dividend of $0.68 per share, which equates to an annualized dividend yield of 1.7%, reflecting a dividend payout ratio of approximately 59.78%.

Campbell & CO Investment Adviser LLC trimmed its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 65.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,395 shares of the company's stock after selling 28,820 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in RTX were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RTX. Nuveen LLC bought a new stake in RTX during the first quarter worth about $916,739,000. GAMMA Investing LLC grew its stake in RTX by 14,838.5% during the first quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock worth $551,460,000 after buying an additional 4,135,349 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock worth $845,784,000 after buying an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. grew its stake in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after buying an additional 1,357,328 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in RTX during the fourth quarter worth about $138,585,000. 86.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the transaction, the executive vice president directly owned 16,538 shares of the company's stock, valued at $2,275,959.56. This trade represents 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 valued at $7,126,389 in the last ninety days. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on RTX. Susquehanna increased their price target on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a report on Monday, July 21st. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. 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 research note on Monday, June 23rd. Finally, UBS Group upped their price target on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, RTX presently has an average rating of "Moderate Buy" and a consensus target price of $158.67.

RTX Trading Up 0.3%

NYSE RTX traded up $0.41 on Wednesday, reaching $159.98. The company had a trading volume of 2,991,223 shares, compared to its average volume of 3,969,021. The stock's 50 day moving average is $151.66 and its 200-day moving average is $137.96. The stock has a market cap of $214.14 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 2.94 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $160.21.

RTX (NYSE:RTX - Get Free Report) last released 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. The business had revenue of $21.58 billion during 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 firm's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 yield of 1.7%. RTX's dividend payout ratio is presently 59.78%.

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.