RTX Corporation $RTX Shares Purchased by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC has increased its holdings in RTX Corporation by 26.4% in the first quarter, owning 170,703 shares valued at approximately $22.6 million.
• Insider sales included Troy D. Brunk selling 7,654 shares for about $1.19 million, while VP Kevin G. Dasilva sold 8,704 shares for approximately $1.36 million, indicating a decrease in their ownership percentages.
• Wall Street analysts have a consensus rating of “Moderate Buy” for RTX, with target prices ranging from $154.00 to $182.00, suggesting potential growth prospects.

Curi RMB Capital LLC boosted its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 26.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,703 shares of the company's stock after acquiring an additional 35,685 shares during the period. Curi RMB Capital LLC's holdings in RTX were worth $22,611,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the 1st quarter valued at approximately $26,000. 10Elms LLP purchased a new stake in shares of RTX in the 4th quarter valued at approximately $29,000. Greenline Partners LLC purchased a new stake in shares of RTX in the 4th quarter valued at approximately $34,000. Summit Securities Group LLC purchased a new stake in shares of RTX in the 1st quarter valued at approximately $40,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of RTX during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Activity

In related news, insider Shane G. Eddy sold 25,968 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last 90 days. Insiders own 0.15% of the company's stock.

RTX Price Performance

RTX stock traded down $3.55 during trading on Monday, reaching $153.97. 5,520,055 shares of the company were exchanged, compared to its average volume of 5,162,587. The company has a market cap of $206.09 billion, a P/E ratio of 33.84, a PEG ratio of 2.90 and a beta of 0.67. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $161.26. The stock's 50 day moving average price is $153.69 and its 200 day moving average price is $139.75. 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 (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were paid 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 dividend yield of 1.8%. RTX's dividend payout ratio is presently 59.78%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RTX shares. The Goldman Sachs Group increased their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a report on Monday, July 21st. Sanford C. Bernstein set a $154.00 price objective on shares of RTX and gave the company a "market perform" rating in a report on Friday, July 11th. Barclays raised their price objective on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Finally, Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and an average price target of $158.67.

About RTX

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.