Heritage Financial Services LLC Invests $250,000 in RTX Corporation $RTX

Key Points

• Heritage Financial Services LLC has made a new investment in RTX Corporation, acquiring 1,886 shares valued at approximately $250,000 during the first quarter.
• RTX reported a 9.4% increase in revenue year-over-year during its latest quarterly earnings, with earnings per share of $1.56, exceeding analysts' expectations.
• The firm announced a quarterly dividend of $0.68 per share, scheduled for payment on September 4th, representing an annualized dividend yield of 1.8%.

Heritage Financial Services LLC acquired a new position in RTX Corporation (NYSE:RTX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,886 shares of the company's stock, valued at approximately $250,000.

Several other large investors have also recently modified their holdings of the stock. Venture Visionary Partners LLC increased its holdings in shares of RTX by 2.0% in the first quarter. Venture Visionary Partners LLC now owns 185,124 shares of the company's stock worth $24,522,000 after buying an additional 3,623 shares during the period. Credit Agricole S A increased its holdings in RTX by 3.8% during the 1st quarter. Credit Agricole S A now owns 160,035 shares of the company's stock valued at $21,198,000 after purchasing an additional 5,910 shares during the period. Groupama Asset Managment increased its holdings in RTX by 14.5% during the 1st quarter. Groupama Asset Managment now owns 798,419 shares of the company's stock valued at $105,168,000 after purchasing an additional 101,012 shares during the period. Legacy Financial Advisors Inc. increased its holdings in RTX by 2.8% during the 1st quarter. Legacy Financial Advisors Inc. now owns 8,141 shares of the company's stock valued at $1,078,000 after purchasing an additional 221 shares during the period. Finally, Texas Capital Bancshares Inc TX increased its holdings in RTX by 10.3% during the 1st quarter. Texas Capital Bancshares Inc TX now owns 3,096 shares of the company's stock valued at $410,000 after purchasing an additional 290 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Price Performance

Shares of NYSE:RTX opened at $153.7310 on Wednesday. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $158.79. 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 business has a fifty day moving average price of $150.14 and a 200-day moving average price of $136.83. The company has a market capitalization of $205.78 billion, a PE ratio of 33.79, a PEG ratio of 2.87 and a beta of 0.69.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period last year, the company earned $1.41 earnings per share. The company'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, equities analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.8%. RTX's dividend payout ratio is 59.78%.

Insider Buying and Selling at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction on 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 sale, the insider owned 17,684 shares in the company, valued at approximately $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. In the last quarter, insiders sold 47,589 shares of company stock worth $7,126,389. Insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RTX. Royal Bank Of Canada restated an "outperform" rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Susquehanna boosted 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. Barclays boosted their price target on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Wednesday, May 14th. Finally, Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $158.67.

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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