Gateway Investment Advisers LLC Decreases Stake in RTX Corporation $RTX

Key Points

• Gateway Investment Advisers LLC has decreased its stake in RTX Corporation by **1.8%**, selling **10,157 shares** during the 2nd quarter, and now holds a position valued at approximately **$79.4 million**.
• Analysts remain bullish on RTX, with several firms raising their price targets, including Morgan Stanley adjusting its target from **$165** to **$180** and Bank of America from **$150** to **$175**.
• RTX reported a **net margin of 7.35%** and beat earnings expectations with **$1.56 EPS** for the recent quarter, while setting FY 2025 guidance at **$5.800-5.950 EPS**.

Gateway Investment Advisers LLC decreased its position in RTX Corporation (NYSE:RTX - Free Report) by 1.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 544,039 shares of the company's stock after selling 10,157 shares during the period. RTX accounts for about 0.9% of Gateway Investment Advisers LLC's investment portfolio, making the stock its 23rd biggest position. Gateway Investment Advisers LLC's holdings in RTX were worth $79,441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. StrongBox Wealth LLC increased its stake in shares of RTX by 2.1% during the second quarter. StrongBox Wealth LLC now owns 33,973 shares of the company's stock valued at $4,961,000 after buying an additional 697 shares during the period. Thrive Wealth Management LLC raised its holdings in shares of RTX by 2.0% in the 2nd quarter. Thrive Wealth Management LLC now owns 4,218 shares of the company's stock valued at $616,000 after purchasing an additional 81 shares in the last quarter. Breakwater Capital Group increased its holdings in RTX by 1.9% during the second quarter. Breakwater Capital Group now owns 5,344 shares of the company's stock valued at $780,000 after buying an additional 99 shares during the period. Balefire LLC bought a new position in RTX in the second quarter worth approximately $218,000. Finally, Fragasso Financial Advisors Inc bought a new stake in RTX during the 2nd quarter valued at $319,000. 86.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction dated 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 transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,635 shares of company stock valued at $8,947,010. Corporate insiders own 0.15% of the company's stock.

RTX Stock Performance

RTX stock traded up $0.03 during midday trading on Friday, hitting $158.22. 7,081,960 shares of the company were exchanged, compared to its average volume of 3,801,553. The business has a fifty day simple moving average of $155.86 and a two-hundred day simple moving average of $141.53. 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 has a market capitalization of $211.78 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $161.26.

RTX (NYSE:RTX - Get Free Report) last posted its 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 firm had revenue of $21.58 billion during 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%. The business's quarterly 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. On average, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on RTX. Bank of America upped their price objective on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Morgan Stanley boosted their price objective 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. Susquehanna raised their target price on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Citigroup lifted their target price on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, RTX currently has an average rating of "Moderate Buy" and a consensus target price of $158.87.

RTX Company 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.