Focus Partners Advisor Solutions LLC Purchases 8,914 Shares of RTX Corporation $RTX

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in RTX Corporation by 50.7%, owning 26,483 shares worth approximately $3.5 million after acquiring more shares during the first quarter.
• RTX reported a quarterly EPS of $1.56, surpassing analysts' expectations of $1.45, with revenue also exceeding forecasts at $21.58 billion for the quarter.
• The company announced a quarterly dividend of $0.68 per share, yielding 1.7%, with a dividend payout ratio of 59.78%.

Focus Partners Advisor Solutions LLC boosted its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 50.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,483 shares of the company's stock after purchasing an additional 8,914 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in RTX were worth $3,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC bought a new stake in RTX during the 1st quarter valued at $26,000. 10Elms LLP bought a new stake in shares of RTX in the 4th quarter worth $29,000. Greenline Partners LLC bought a new stake in shares of RTX in the 4th quarter worth $34,000. Summit Securities Group LLC acquired a new position in shares of RTX in the 1st quarter worth $40,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of RTX in the 4th quarter worth $43,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent research reports. Royal Bank Of Canada restated 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. Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Bank of America lifted their target price on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Barclays lifted their target price on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Finally, The Goldman Sachs Group boosted their target price on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $158.67.

Insider Buying and Selling

In other news, insider Shane G. Eddy sold 25,968 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company's stock.

RTX Stock Performance

Shares of NYSE RTX traded down $1.01 during trading hours on Friday, hitting $157.67. 4,044,970 shares of the company's stock were exchanged, compared to its average volume of 3,354,713. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $161.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock has a market capitalization of $211.04 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.92 and a beta of 0.67. The company's 50-day moving average price is $153.69 and its 200-day moving average price is $139.55.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm 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 company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 15th. RTX's dividend payout ratio is currently 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.