D L Carlson Investment Group Inc. Acquires 2,834 Shares of RTX Corporation $RTX

Key Points

• D L Carlson Investment Group Inc. has increased its holdings in RTX Corporation by 5.7%, now owning a total of 52,455 shares valued at approximately $6.95 million.
• Several institutional investors have also shown interest in RTX, with ownership comprising about 86.50% of the company's stock.
• RTX recently reported an EPS of $1.56 for the latest quarter, exceeding analyst estimates and also disclosed a quarterly dividend of $0.68.

D L Carlson Investment Group Inc. increased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 5.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 52,455 shares of the company's stock after purchasing an additional 2,834 shares during the period. RTX accounts for approximately 1.3% of D L Carlson Investment Group Inc.'s holdings, making the stock its 16th largest position. D L Carlson Investment Group Inc.'s holdings in RTX were worth $6,948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in RTX during the first quarter worth approximately $26,000. 10Elms LLP acquired a new stake in RTX during the fourth quarter worth approximately $29,000. Greenline Partners LLC acquired a new stake in RTX during the fourth quarter worth approximately $34,000. Summit Securities Group LLC acquired a new stake in RTX during the first quarter worth approximately $40,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in RTX during the fourth quarter worth approximately $43,000. Institutional investors own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several research reports. Barclays raised their price objective on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Cowen restated a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group lifted their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Three investment 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $158.67.

Insider Activity

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction on 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 sale, the vice president owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the business'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 sale, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,589 shares of company stock valued at $7,126,389. 0.15% of the stock is currently owned by insiders.

RTX Stock Performance

Shares of NYSE:RTX opened at $159.66 on Wednesday. The company's 50 day simple moving average is $151.38 and its 200 day simple moving average is $137.81. The stock has a market capitalization of $213.71 billion, a price-to-earnings ratio of 35.09, a price-to-earnings-growth ratio of 2.88 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 $159.70.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's dividend payout ratio (DPR) 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.

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