Integrity Alliance LLC. Has $7.70 Million Position in RTX Corporation $RTX

Key Points

• Integrity Alliance LLC significantly increased its stake in RTX Corporation by 370.5%, acquiring a total of 58,124 shares worth approximately $7.7 million as of the end of the first quarter.
• Wall Street analysts have varied opinions on RTX, with target prices ranging from $126 to $180, indicating a generally positive outlook for the company's stock despite recent fluctuations.
• RTX announced a quarterly dividend of $0.68 per share, resulting in an annualized yield of 1.8% and a payout ratio of 59.78%, reflecting the company's commitment to returning value to shareholders.

Integrity Alliance LLC. lifted its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 370.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,124 shares of the company's stock after acquiring an additional 45,770 shares during the period. Integrity Alliance LLC.'s holdings in RTX were worth $7,699,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock worth $1,371,171,000 after buying an additional 104,139 shares during the last quarter. Invesco Ltd. increased its position in RTX by 1.5% during the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock worth $1,365,969,000 after acquiring an additional 154,544 shares during the period. Dimensional Fund Advisors LP increased its position in RTX by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock worth $1,021,623,000 after acquiring an additional 65,493 shares during the period. Finally, Nuveen Asset Management LLC increased its position in RTX by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 6,947,301 shares of the company's stock worth $803,942,000 after acquiring an additional 35,794 shares during the period. Institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. The Goldman Sachs Group raised their target price on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. JPMorgan Chase & Co. raised their target price on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Morgan Stanley raised their target price on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and an average price target of $158.67.

Insider Buying and Selling at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 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 represents a 31.76% 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 quarter. Insiders own 0.15% of the company's stock.

RTX Stock Down 1.5%

NYSE:RTX opened at $151.84 on Wednesday. The firm's 50 day simple moving average is $153.99 and its 200 day simple moving average is $140.05. 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 one year low of $112.27 and a one year high of $161.26. The company has a market cap of $203.24 billion, a PE ratio of 33.37, a P/E/G ratio of 2.84 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 the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same period last year, the company earned $1.41 EPS. The firm'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, research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, August 15th. This represents a $2.72 annualized dividend and a yield of 1.8%. RTX's dividend payout ratio (DPR) is currently 59.78%.

About RTX

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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