Jones Financial Companies Lllp Has $89.35 Million Stock Holdings in RTX Corporation $RTX

Key Points

• Jones Financial Companies Lllp has increased its stake in RTX Corporation by 30.5%, now holding approximately 677,436 shares valued at $89.35 million.
• RTX reported a 9.4% year-over-year revenue increase in its latest quarter, with earnings per share surpassing estimates at $1.56.
• The company declared a quarterly dividend of $0.68, reflecting a yield of 1.7% and a payout ratio of 59.78%.

Jones Financial Companies Lllp grew its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 30.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 677,436 shares of the company's stock after purchasing an additional 158,378 shares during the quarter. Jones Financial Companies Lllp owned about 0.05% of RTX worth $89,350,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of RTX by 24.3% in the 4th 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 increased its stake in shares of 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. ProShare Advisors LLC increased its stake in shares of RTX by 14.3% in the 4th quarter. ProShare Advisors LLC now owns 192,663 shares of the company's stock valued at $22,295,000 after acquiring an additional 24,168 shares in the last quarter. Safeguard Investment Advisory Group LLC bought a new stake in shares of RTX in the 4th quarter valued at $204,000. Finally, Toronto Dominion Bank increased its stake in shares of RTX by 30.7% in the 4th quarter. Toronto Dominion Bank now owns 765,605 shares of the company's stock valued at $88,595,000 after acquiring an additional 179,698 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

RTX Price Performance

RTX opened at $155.90 on Friday. 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 company has a market capitalization of $208.68 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 2.91 and a beta of 0.67. The firm's fifty day moving average price is $154.64 and its two-hundred day moving average price is $140.67. 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 data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) 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 the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. RTX's payout ratio is 59.78%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RTX shares. Sanford C. Bernstein lifted their price objective on shares of RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a research note on Wednesday. Barclays lifted their price objective 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. Morgan Stanley lifted their price target on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research report on Monday, July 21st. Finally, Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Three equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.87.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 7,654 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction dated 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 completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% 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 in the last ninety days. Corporate insiders own 0.15% of the company's stock.

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.

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