Coordinated Financial Services Inc. CO Buys Shares of 3,705 RTX Corporation $RTX

Key Points

• Coordinated Financial Services Inc. acquired 3,705 shares of RTX Corporation, valued at approximately $491,000, in the first quarter.
• RTX recently reported earnings of $1.56 per share, surpassing analysts' expectations and showing a 9.4% increase in revenue year-over-year.
• Insider trading activity included significant sales, with insiders selling over 56,000 shares in the last quarter, indicating a possible shift in confidence from the management.

Coordinated Financial Services Inc. CO purchased a new position in RTX Corporation (NYSE:RTX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,705 shares of the company's stock, valued at approximately $491,000.

A number of other large investors have also bought and sold shares of the stock. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the first quarter valued at approximately $26,000. 10Elms LLP purchased a new position in shares of RTX during the fourth quarter valued at approximately $29,000. Greenline Partners LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $34,000. Summit Securities Group LLC purchased a new position in shares of RTX during the first quarter valued at approximately $40,000. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of RTX during the first quarter valued at approximately $44,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group boosted their target price on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Citigroup boosted their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Cowen reissued a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Susquehanna boosted their target price on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $158.67.

RTX Stock Down 1.5%

Shares of NYSE RTX traded down $2.38 during trading on Tuesday, reaching $151.84. The company had a trading volume of 5,459,307 shares, compared to its average volume of 3,471,159. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $161.26. The stock has a market cap of $203.24 billion, a PE ratio of 33.37, a P/E/G ratio of 2.84 and a beta of 0.67. The business's 50-day moving average is $153.99 and its 200 day moving average is $140.05. 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 (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 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 analysts' expectations of $20.68 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. The company's quarterly revenue 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 forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. RTX's dividend payout ratio is currently 59.78%.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president directly 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 document filed with the SEC, which is available through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value 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. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,635 shares of company stock valued at $8,947,010. Corporate insiders own 0.15% of the company's stock.

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.