Coppell Advisory Solutions LLC Has $987,000 Stock Holdings in RTX Corporation $RTX

Key Points

• Coppell Advisory Solutions LLC reduced its stake in RTX Corporation by 24.9%, bringing its holdings down to 7,848 shares valued at approximately $987,000.
• Multiple hedge funds have adjusted their positions in RTX, with significant increases like Graham Capital Management L.P. raising its stake by 693.0%.
• RTX recently declared a quarterly dividend of $0.68 per share, indicating an annualized yield of 1.8% and a payout ratio of 59.78%.

Coppell Advisory Solutions LLC reduced its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 24.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,848 shares of the company's stock after selling 2,609 shares during the quarter. Coppell Advisory Solutions LLC's holdings in RTX were worth $987,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Hamilton Capital LLC boosted its position in shares of RTX by 3.6% during the first quarter. Hamilton Capital LLC now owns 2,122 shares of the company's stock worth $281,000 after purchasing an additional 74 shares in the last quarter. ICW Investment Advisors LLC boosted its position in shares of RTX by 0.6% during the first quarter. ICW Investment Advisors LLC now owns 13,845 shares of the company's stock worth $1,834,000 after purchasing an additional 77 shares in the last quarter. Apexium Financial LP boosted its position in shares of RTX by 2.2% during the first quarter. Apexium Financial LP now owns 3,629 shares of the company's stock worth $481,000 after purchasing an additional 78 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its position in shares of RTX by 2.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock worth $505,000 after purchasing an additional 82 shares in the last quarter. Finally, Weatherly Asset Management L. P. boosted its position in shares of RTX by 0.4% during the first quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock worth $2,767,000 after purchasing an additional 82 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Morgan Stanley lifted their price target on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Susquehanna lifted 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. Bank of America boosted their price objective on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Barclays boosted their price objective on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Three equities 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $158.87.

Insider Activity at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of the business'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 transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business's stock in a transaction dated 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 owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last ninety days. Company insiders own 0.15% of the company's stock.

RTX Stock Up 1.8%

NYSE:RTX traded up $2.79 on Thursday, hitting $157.79. 4,288,758 shares of the company's stock were exchanged, compared to its average volume of 3,571,454. The firm has a 50-day moving average price of $154.44 and a 200-day moving average price of $140.38. 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 52 week low of $112.27 and a 52 week high of $161.26. The company has a market cap of $211.21 billion, a P/E ratio of 34.68, a price-to-earnings-growth ratio of 2.86 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping 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 firm had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. During the same period in the previous year, the firm posted $1.41 EPS. The company'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, analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 annualized dividend and a yield of 1.7%. RTX's 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.