Credit Agricole S A Has $21.20 Million Stock Position in RTX Corporation $RTX

Key Points

• Credit Agricole S A increased its position in RTX Corporation by 3.8%, now holding 160,035 shares valued at approximately $21.2 million.
• RTX Corporation reported earnings per share of $1.56, exceeding analysts' expectations of $1.45, with a 9.4% year-over-year revenue increase in its latest quarterly report.
• The company declared a quarterly dividend of $0.68 per share, representing an annualized dividend yield of 1.8%.

Credit Agricole S A raised its position in RTX Corporation (NYSE:RTX - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 160,035 shares of the company's stock after acquiring an additional 5,910 shares during the period. Credit Agricole S A's holdings in RTX were worth $21,198,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RTX. Brighton Jones LLC raised its holdings in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after buying an additional 159 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of RTX by 10.6% in the 4th quarter. First Trust Advisors LP now owns 601,957 shares of the company's stock worth $69,658,000 after buying an additional 57,689 shares in the last quarter. Capital World Investors acquired a new position in shares of RTX in the 4th quarter worth approximately $69,807,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of RTX by 8.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,916 shares of the company's stock worth $222,000 after buying an additional 142 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Down 1.1%

RTX stock opened at $153.7310 on Wednesday. The business has a fifty day moving average price of $150.14 and a 200 day moving average price of $136.83. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $158.79. The stock has a market capitalization of $205.78 billion, a price-to-earnings ratio of 33.79, a P/E/G ratio of 2.87 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 (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $20.68 billion. During the same period last year, the firm posted $1.41 EPS. 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. Analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.8%. RTX's dividend payout ratio (DPR) is presently 59.78%.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the transaction, the executive vice president owned 16,538 shares of the company's stock, valued at $2,275,959.56. This represents a 50.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 $2,790,888.88. This trade represents a 42.08% 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 over the last ninety days. Company insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Cowen reissued a "buy" rating on shares of RTX in a report on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group reissued a "hold" rating on shares of RTX in a report on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.67.

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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