J. Stern & Co. LLP Has $48.25 Million Position in RTX Corporation $RTX

Key Points

• J. Stern & Co. LLP increased its stake in RTX Corporation by 9.3%, acquiring an additional 30,930 shares, bringing its total holdings to 364,274 shares valued at approximately $48.25 million.
• In the first quarter, institutional investors collectively bought and sold RTX shares, with major transactions including a new stake from Nuveen LLC valued at $916.7 million and a dramatic stake increase of 14,838.5% from GAMMA Investing LLC.
• RTX has recently announced a quarterly dividend of $0.68, with a yield of 1.7%, and has set its FY 2025 earnings guidance at $5.800-5.950 EPS.

J. Stern & Co. LLP boosted its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 9.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 364,274 shares of the company's stock after purchasing an additional 30,930 shares during the period. RTX makes up 4.6% of J. Stern & Co. LLP's investment portfolio, making the stock its 10th largest holding. J. Stern & Co. LLP's holdings in RTX were worth $48,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RTX. Brighton Jones LLC boosted its holdings in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its position in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after acquiring an additional 159 shares during the last quarter. Pinebridge Investments L.P. acquired a new position in RTX during the fourth quarter worth about $374,000. Johnson Financial Group Inc. raised its position in shares of RTX by 5.5% in the fourth quarter. Johnson Financial Group Inc. now owns 1,879 shares of the company's stock valued at $217,000 after buying an additional 98 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its position in shares of RTX by 4.8% in the fourth quarter. Beacon Pointe Advisors LLC now owns 184,179 shares of the company's stock valued at $21,313,000 after buying an additional 8,430 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Stock Up 0.6%

RTX traded up $0.92 during trading on Thursday, hitting $160.76. The company had a trading volume of 3,116,368 shares, compared to its average volume of 3,918,701. The company has a market cap of $215.18 billion, a PE ratio of 35.33, a P/E/G ratio of 2.95 and a beta of 0.69. The business has a 50-day moving average of $151.96 and a 200-day moving average of $138.18. 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.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, analysts forecast that RTX Corporation will post 6.11 earnings per share for the current 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 issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 15th. RTX's dividend payout ratio is 59.78%.

Insider Activity at RTX

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the 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 directly owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold 73,557 shares of company stock valued at $11,275,816 in the last ninety days. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RTX. Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a research report on Wednesday, May 14th. UBS Group boosted their price objective on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Morgan Stanley upped their target price 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. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Susquehanna upped their target price on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Three 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 company. Based on data from MarketBeat.com, RTX has an average rating of "Moderate Buy" and an average price target of $158.67.

RTX Company 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.