Geneos Wealth Management Inc. Raises Stock Holdings in RTX Corporation $RTX

Key Points

• Geneos Wealth Management Inc. raised its holdings in RTX Corporation by 30.1% to a total of 16,533 shares valued at $2.19 million.
• Several research firms have increased their price targets for RTX, with UBS Group raising it to $177.00 and Citigroup to $182.00, indicating a generally positive outlook on the stock.
• RTX Corporation recently declared a quarterly dividend of $0.68, yielding approximately 1.7%, showcasing the company's commitment to returning capital to shareholders.

Geneos Wealth Management Inc. boosted its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 30.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,533 shares of the company's stock after purchasing an additional 3,822 shares during the quarter. Geneos Wealth Management Inc.'s holdings in RTX were worth $2,190,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of RTX by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock valued at $1,371,171,000 after acquiring an additional 104,139 shares during the last quarter. Invesco Ltd. increased its holdings in shares of RTX by 1.5% in the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock valued at $1,365,969,000 after purchasing an additional 154,544 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of RTX by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock valued at $1,021,623,000 after purchasing an additional 65,493 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of RTX in the first quarter valued at approximately $916,739,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RTX. Susquehanna increased their price target on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Citigroup raised their target price on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Sanford C. Bernstein raised their price target on RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a research report on Wednesday. Barclays raised their price target on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Finally, UBS Group raised their price target on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $158.87.

RTX Stock Up 1.8%

RTX stock opened at $157.79 on Friday. The stock's fifty day moving average is $154.44 and its two-hundred day moving average is $140.38. 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 $161.26. The stock has a market cap of $211.21 billion, a PE ratio of 34.68, a P/E/G ratio of 2.86 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The business's revenue was up 9.4% compared to the same quarter last year. 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 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were given a $0.68 dividend. This represents a $2.72 annualized dividend 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 RTX news, insider Troy D. Brunk sold 7,654 shares of RTX 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 sale, the insider owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock worth $8,947,010 over the last three months. 0.15% of the stock is currently owned by company 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.

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