Capital Analysts LLC Buys 5,690 Shares of RTX Corporation $RTX

Key Points

• Capital Analysts LLC increased its stake in RTX Corporation by 4.0%, acquiring an additional 5,690 shares, bringing their total holdings to 147,133 shares valued at approximately $19.49 million.
• Several institutional investors have established new positions in RTX, with 86.50% of the stock currently owned by such entities, reflecting strong institutional interest.
• RTX's recent research reports show upgraded price targets from major analysts, with Morgan Stanley raising their target to $180.00 and Citigroup to $182.00, indicating optimistic market expectations for the stock's performance.

Capital Analysts LLC grew its stake in RTX Corporation (NYSE:RTX - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,133 shares of the company's stock after buying an additional 5,690 shares during the quarter. RTX accounts for about 0.7% of Capital Analysts LLC's investment portfolio, making the stock its 26th biggest holding. Capital Analysts LLC's holdings in RTX were worth $19,489,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in RTX. MorganRosel Wealth Management LLC bought a new position in RTX during the 1st quarter worth about $26,000. 10Elms LLP acquired a new position in shares of RTX during the fourth quarter worth about $29,000. Greenline Partners LLC bought a new position in shares of RTX during the fourth quarter worth about $34,000. Summit Securities Group LLC acquired a new stake in RTX in the 1st quarter valued at approximately $40,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in RTX in the 4th quarter valued at approximately $43,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,589 shares of company stock worth $7,126,389. Corporate insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

RTX has been the subject of several research reports. Morgan Stanley raised their price target on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Citigroup lifted their price target on shares of RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Susquehanna boosted their price target on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Finally, DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 target price on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $158.67.

RTX Stock Down 1.1%

Shares of RTX opened at $153.7310 on Wednesday. The firm has a market cap of $205.78 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 2.87 and a beta of 0.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $158.79. The firm's 50-day simple moving average is $150.14 and its 200 day simple moving average is $136.83.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $20.68 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The business'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. On average, analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders 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 1.8%. RTX's dividend payout ratio is 59.78%.

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.

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