Integrated Wealth Concepts LLC Boosts Holdings in RTX Corporation $RTX

Key Points

• Integrated Wealth Concepts LLC increased its stake in RTX Corporation by 4.1%, acquiring an additional 2,375 shares, bringing their total to 60,803 shares valued at approximately $8,054,000.
• Several large investors have also raised their stakes in RTX, with Deutsche Bank AG boosting its shareholding by 46.0% in the fourth quarter, now owning 2,973,342 shares worth $344,075,000.
• Analysts have raised their price targets for RTX, with JPMorgan Chase & Co. increasing its target from $145.00 to $175.00, reflecting positive sentiment surrounding the stock.

Integrated Wealth Concepts LLC increased its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,803 shares of the company's stock after acquiring an additional 2,375 shares during the quarter. Integrated Wealth Concepts LLC's holdings in RTX were worth $8,054,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bay Capital Advisors LLC bought a new position in shares of RTX during the 1st quarter worth approximately $224,000. Dynamic Advisor Solutions LLC raised its stake in shares of RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after acquiring an additional 2,686 shares in the last quarter. Brookwood Investment Group LLC bought a new position in shares of RTX during the 1st quarter worth approximately $1,288,000. Deutsche Bank AG raised its stake in shares of RTX by 46.0% during the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after acquiring an additional 936,953 shares in the last quarter. Finally, LBP AM SA raised its stake in shares of RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after acquiring an additional 41,990 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on RTX shares. UBS Group upped their price target on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $154.00 price target on shares of RTX and gave the company a "market perform" rating in a research note on Friday, July 11th. The Goldman Sachs Group upped their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Barclays upped their price target on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Morgan Stanley upped their price target on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.67.

RTX Stock Performance

Shares of NYSE:RTX traded down $2.38 during midday trading on Tuesday, reaching $151.84. The company's stock had a trading volume of 5,459,307 shares, compared to its average volume of 5,164,359. The firm has a market capitalization of $203.24 billion, a PE ratio of 33.37, a P/E/G ratio of 2.90 and a beta of 0.67. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $161.26. The stock has a fifty day moving average of $153.84 and a 200 day moving average of $139.97. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping 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 net margin of 7.35% and a return on equity of 12.89%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, August 15th. RTX's dividend payout ratio (DPR) is currently 59.78%.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last quarter. 0.15% of the stock is currently 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.