Global Financial Private Client LLC Acquires 2,339 Shares of RTX Corporation $RTX

Key Points

• Global Financial Private Client LLC increased its holdings in RTX Corporation by 35.8% in the second quarter, now owning 8,865 shares valued at approximately $1.29 million.
• RTX recently received positive ratings from several analysts, with price targets raised, including Susquehanna's increase from $160 to $175 and UBS Group's lift from $166 to $177.
• RTX announced a quarterly dividend of $0.68 per share, resulting in an annualized dividend yield of 1.7% and a payout ratio of 59.78%.

Global Financial Private Client LLC increased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 35.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,865 shares of the company's stock after purchasing an additional 2,339 shares during the period. Global Financial Private Client LLC's holdings in RTX were worth $1,294,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RTX. Brighton Jones LLC lifted its position in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after acquiring an additional 159 shares in the last quarter. Two Sigma Advisers LP acquired a new position in RTX in the 4th quarter valued at approximately $1,921,000. PharVision Advisers LLC acquired a new position in RTX in the 4th quarter valued at approximately $218,000. Finally, Continuum Advisory LLC raised its holdings in RTX by 8.8% in the 4th quarter. Continuum Advisory LLC now owns 1,847 shares of the company's stock valued at $214,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Up 0.0%

RTX traded up $0.03 during mid-day trading on Friday, reaching $158.22. The stock had a trading volume of 7,081,960 shares, compared to its average volume of 3,801,553. The stock has a market capitalization of $211.78 billion, a P/E ratio of 34.77, a P/E/G ratio of 2.92 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 simple moving average is $155.86 and its two-hundred day simple moving average is $141.53. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $161.26.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were given 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 (DPR) is currently 59.78%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RTX shares. The Goldman Sachs Group upped their price target on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research report on Monday, July 21st. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Citigroup boosted their target price on shares of RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Sanford C. Bernstein raised their price target on RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.87.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 25,968 shares of the firm's stock in a transaction 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 is available through this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the transaction, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last three months. Insiders own 0.15% of the company's stock.

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.