RTX Corporation $RTX Shares Sold by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp reduced its stake in RTX Corporation by 68.0%, now holding 166,323 shares valued at $21.87 million.
• RTX reported a quarterly EPS of $1.56, exceeding estimates by $0.11, with revenue reaching $21.58 billion, up 9.4% year-over-year.
• The company declared a quarterly dividend of $0.68, leading to an annualized dividend of $2.72 and a 1.7% yield.

Jones Financial Companies Lllp lowered its holdings in RTX Corporation (NYSE:RTX - Free Report) by 68.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 166,323 shares of the company's stock after selling 352,735 shares during the period. Jones Financial Companies Lllp's holdings in RTX were worth $21,872,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RTX. ICW Investment Advisors LLC lifted its holdings in RTX by 0.6% during the 1st quarter. ICW Investment Advisors LLC now owns 13,845 shares of the company's stock worth $1,834,000 after buying an additional 77 shares in the last quarter. Apexium Financial LP increased its stake in RTX by 2.2% in the first quarter. Apexium Financial LP now owns 3,629 shares of the company's stock valued at $481,000 after purchasing an additional 78 shares during the period. Guardian Wealth Advisors LLC NC boosted its holdings in shares of RTX by 1.7% in the fourth quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock valued at $576,000 after acquiring an additional 82 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its holdings in RTX by 2.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock worth $505,000 after buying an additional 82 shares in the last quarter. Finally, Weatherly Asset Management L. P. boosted its holdings in RTX by 0.4% during the first quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock worth $2,767,000 after buying an additional 82 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

RTX Trading Up 1.8%

NYSE:RTX traded up $2.79 on Thursday, hitting $157.79. 4,288,758 shares of the stock were exchanged, compared to its average volume of 5,155,571. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The stock has a market capitalization of $211.21 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.80 and a beta of 0.67. The company's 50-day moving average price is $154.20 and its 200 day moving average price is $140.15. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $161.26.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results 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. 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 quarter in the prior year, the firm posted $1.41 EPS. The business'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. On average, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RTX. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Susquehanna upped their price target on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Morgan Stanley increased their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. 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 research note on Wednesday, May 14th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $158.87.

Insider Activity at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 over the last 90 days. Corporate insiders own 0.15% of the company's stock.

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.