RTX Corporation $RTX Position Decreased by Dodge & Cox

Key Points

• Dodge & Cox has reduced its stake in RTX Corporation by 4.8%, selling 2,137,841 shares, but still holds 42,353,562 shares, making it the fund's 4th largest holding.
• RTX recently achieved a quarterly revenue of $21.58 billion, surpassing analysts' estimates, and reported earnings per share of $1.56, which was above the predicted $1.45.
• A quarterly dividend of $0.68 per share has been declared, expected to yield an annualized amount of $2.72, translating to a dividend yield of 1.7%.

Dodge & Cox lowered its stake in RTX Corporation (NYSE:RTX - Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 42,353,562 shares of the company's stock after selling 2,137,841 shares during the quarter. RTX accounts for about 3.2% of Dodge & Cox's portfolio, making the stock its 4th biggest holding. Dodge & Cox owned 3.17% of RTX worth $5,610,153,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new stake in RTX in the 1st quarter valued at $26,000. 10Elms LLP acquired a new stake in RTX in the 4th quarter valued at $29,000. Greenline Partners LLC acquired a new stake in RTX in the 4th quarter valued at $34,000. Summit Securities Group LLC acquired a new stake in RTX in the 1st quarter valued at $40,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in RTX during the 1st quarter worth $44,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Down 0.0%

Shares of RTX stock traded down $0.02 on Monday, hitting $156.22. 2,430,243 shares of the stock traded hands, compared to its average volume of 4,010,900. The firm's 50-day moving average price is $151.16 and its two-hundred day moving average price is $137.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The stock has a market capitalization of $209.11 billion, a PE ratio of 34.33, a PEG ratio of 2.88 and a beta of 0.69. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $158.79.

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

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's dividend payout ratio (DPR) is presently 59.78%.

Insider Activity at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was 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 in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,589 shares of company stock valued at $7,126,389. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RTX has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Morgan Stanley lifted their target price on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $154.00 target price on shares of RTX and gave the stock a "market perform" rating in a research note on Friday, July 11th. Finally, Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Three research 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. According to MarketBeat, the stock presently has an average 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.