Dorsey & Whitney Trust CO LLC Purchases 4,027 Shares of RTX Corporation $RTX

Key Points

• Dorsey & Whitney Trust CO LLC increased its stake in RTX Corporation by 11.3%, acquiring an additional 4,027 shares, bringing their total holdings to 39,708 shares valued at approximately $5.26 million.
• RTX reported better-than-expected quarterly earnings with a net margin of 7.35% and revenue of $21.58 billion, surpassing analysts' expectations by $900 million.
• The company declared a quarterly dividend of $0.68, reflecting an annual yield of 1.8%, with payout set for shareholders recorded on August 15th.

Dorsey & Whitney Trust CO LLC raised its position in RTX Corporation (NYSE:RTX - Free Report) by 11.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,708 shares of the company's stock after acquiring an additional 4,027 shares during the quarter. Dorsey & Whitney Trust CO LLC's holdings in RTX were worth $5,260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after buying an additional 1,357,328 shares in the last quarter. Northern Trust Corp increased its position in RTX by 8.4% in the fourth quarter. Northern Trust Corp now owns 12,912,698 shares of the company's stock worth $1,494,257,000 after buying an additional 997,806 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in RTX by 43.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock worth $1,216,063,000 after buying an additional 3,164,844 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in RTX by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock worth $1,371,171,000 after buying an additional 104,139 shares in the last quarter. Finally, Invesco Ltd. increased its position in RTX by 1.5% in the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock worth $1,365,969,000 after buying an additional 154,544 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares of the company's stock, valued at $2,007,395.84. This represents a 9.98% 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 worth $7,126,389. 0.15% of the stock is currently owned by company insiders.

RTX Stock Performance

NYSE RTX opened at $153.7310 on Wednesday. The stock has a market capitalization of $205.78 billion, a PE ratio of 33.79, a P/E/G ratio of 2.87 and a beta of 0.69. The business has a 50 day simple moving average of $150.14 and a two-hundred day simple moving average of $136.83. 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 $158.79.

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 the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion during the quarter, compared to analysts' expectations 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 quarter last year, the business posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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 paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.8%. RTX's payout ratio is 59.78%.

Analysts Set New Price Targets

RTX has been the subject of a number of analyst reports. Benchmark upgraded 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. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a research report on Monday, July 21st. Bank of America increased their target price on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research 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 research report on Wednesday, July 23rd. Finally, Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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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