CreativeOne Wealth LLC Grows Stake in RTX Corporation $RTX

Key Points

• CreativeOne Wealth LLC increased its stake in RTX Corporation by 14.8%, owning 23,492 shares worth approximately $3.1 million as of the latest SEC filing.
• Insider activity revealed that executives sold a total of 47,589 shares in the last three months, amounting to over $7.1 million, indicating a potential shift in sentiment among company leaders.
• Analysts are optimistic about RTX, with Morgan Stanley and Citigroup raising their price targets, reflecting a consensus rating of "Moderate Buy" among research analysts.

CreativeOne Wealth LLC boosted its position in RTX Corporation (NYSE:RTX - Free Report) by 14.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,492 shares of the company's stock after purchasing an additional 3,029 shares during the period. CreativeOne Wealth LLC's holdings in RTX were worth $3,112,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RTX. MorganRosel Wealth Management LLC purchased a new position in RTX in the 1st quarter valued at approximately $26,000. 10Elms LLP purchased a new position in RTX in the 4th quarter valued at approximately $29,000. Greenline Partners LLC purchased a new position in RTX in the 4th quarter valued at approximately $34,000. Summit Securities Group LLC purchased a new position in RTX during the first quarter worth $40,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in RTX during the fourth quarter worth $43,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the 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 completion of the sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider owned 16,442 shares of the company's stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,589 shares of company stock worth $7,126,389. 0.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RTX shares. Morgan Stanley lifted their price objective on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Citigroup boosted their price objective on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. The Goldman Sachs Group boosted their price objective on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Bank of America boosted their price target on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $154.00 price objective on RTX and gave the company a "market perform" rating in a research note on Friday, July 11th. Three 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.67.

RTX Stock Performance

RTX opened at $159.98 on Thursday. The company has a market capitalization of $214.14 billion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 2.94 and a beta of 0.69. 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 1-year low of $112.27 and a 1-year high of $160.21. The business has a 50 day moving average price of $151.66 and a two-hundred day moving average price of $137.96.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The firm 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 for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. RTX's dividend payout ratio (DPR) is presently 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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