Focus Partners Wealth Boosts Holdings in RTX Corporation $RTX

Key Points

• Focus Partners Wealth increased its stake in RTX Corporation by 6.0%, acquiring an additional 47,573 shares, bringing its total ownership to approximately 845,529 shares worth about $111.99 million.
• The company reported a net revenue of $21.58 billion and earnings per share of $1.56 for the latest quarter, which surpassed analysts' expectations.
• RTX announced a quarterly dividend of $0.68 per share, representing an annualized yield of 1.8% and a dividend payout ratio of 59.78%.

Focus Partners Wealth increased its position in RTX Corporation (NYSE:RTX - Free Report) by 6.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 845,529 shares of the company's stock after purchasing an additional 47,573 shares during the period. Focus Partners Wealth owned about 0.06% of RTX worth $111,999,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the 1st quarter valued at $26,000. 10Elms LLP bought a new position in shares of RTX during the 4th quarter worth about $29,000. Summit Securities Group LLC bought a new stake in RTX in the first quarter valued at about $40,000. Mpwm Advisory Solutions LLC bought a new stake in RTX in the fourth quarter valued at about $43,000. Finally, McClarren Financial Advisors Inc. bought a new stake in RTX in the first quarter valued at about $44,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on RTX shares. Citigroup boosted their price target on shares of RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Sanford C. Bernstein upped their target price on shares of RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a research note on Wednesday. Susquehanna increased their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Finally, Bank of America increased their target price on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $158.87.

RTX Price Performance

Shares of RTX stock traded down $1.75 during midday trading on Friday, hitting $155.90. 3,194,158 shares of the company traded hands, compared to its average volume of 3,647,609. The stock has a market cap of $208.68 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.91 and a beta of 0.67. 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 firm's fifty day moving average price is $154.64 and its 200-day moving average price is $140.58. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $161.26.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results 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. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the previous year, the firm posted $1.41 EPS. The firm's revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Insider Transactions at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction 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 $4,686,624.80. This represents a 22.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by insiders.

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.