Kestra Advisory Services LLC Acquires 4,505 Shares of RTX Corporation $RTX

Key Points

• Kestra Advisory Services LLC increased its stock position in RTX Corporation by 2.0% during Q1, owning 227,626 shares valued at approximately $30.15 million.
• Goldman Sachs Group Inc. boosted its stake in RTX by 28.0%, holding 6.39 million shares worth about $845.8 million, while overall institutional ownership exceeds 86.50%.
• RTX recently reported quarterly earnings of $1.56 per share, exceeding estimates, and announced a quarterly dividend of $0.68, resulting in an annualized yield of 1.7%.

Kestra Advisory Services LLC boosted its position in RTX Corporation (NYSE:RTX - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,626 shares of the company's stock after buying an additional 4,505 shares during the quarter. Kestra Advisory Services LLC's holdings in RTX were worth $30,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in RTX. RPG Investment Advisory LLC boosted its stake in shares of RTX by 99.7% during the first quarter. RPG Investment Advisory LLC now owns 325,078 shares of the company's stock valued at $43,060,000 after purchasing an additional 162,313 shares during the period. 1832 Asset Management L.P. raised its holdings in RTX by 1,178.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock valued at $160,588,000 after buying an additional 1,117,506 shares during the last quarter. Monetary Management Group Inc. boosted its position in RTX by 69.7% during the 1st quarter. Monetary Management Group Inc. now owns 17,611 shares of the company's stock valued at $2,333,000 after buying an additional 7,235 shares during the period. Compound Planning Inc. grew its holdings in RTX by 1.4% in the 1st quarter. Compound Planning Inc. now owns 40,694 shares of the company's stock worth $5,390,000 after acquiring an additional 556 shares during the last quarter. Finally, Norinchukin Bank The increased its position in shares of RTX by 16.2% in the first quarter. Norinchukin Bank The now owns 73,049 shares of the company's stock valued at $9,676,000 after acquiring an additional 10,181 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Stock Down 0.0%

RTX stock traded down $0.02 on Monday, reaching $156.22. 2,430,243 shares of the company traded hands, compared to its average volume of 5,241,477. The firm has a fifty day simple moving average of $150.96 and a 200-day simple moving average of $137.46. The company has a market cap of $209.11 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 2.88 and a beta of 0.69. RTX Corporation has a one year low of $112.27 and a one year high of $158.79. 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 (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS 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 for the quarter, compared to analysts' expectations of $20.68 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. The company's quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX's dividend payout ratio (DPR) is currently 59.78%.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the sale, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,589 shares of company stock worth $7,126,389 over the last 90 days. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Sanford C. Bernstein set a $154.00 target price on RTX and gave the stock a "market perform" rating in a research note on Friday, July 11th. Citigroup lifted their price objective on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Jefferies Financial Group restated a "hold" rating on shares of RTX in a report on Monday, July 21st. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Finally, Susquehanna raised their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, RTX currently has an average rating of "Moderate Buy" and a consensus target price of $158.67.

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.