Landscape Capital Management L.L.C. Purchases New Holdings in RTX Corporation $RTX

Key Points

• Landscape Capital Management L.L.C. acquired 2,415 shares of RTX Corporation, valued at approximately $320,000, highlighting ongoing institutional interest in the company.
• RTX reported a strong quarterly performance with $21.58 billion in revenue and an EPS of $1.56, surpassing analyst expectations, with a FY 2025 guidance set at 5.800-5.950 EPS.
• The company declared a quarterly dividend of $0.68 per share, representing an annualized yield of 1.7%, signaling confidence in its financial stability.

Landscape Capital Management L.L.C. acquired a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,415 shares of the company's stock, valued at approximately $320,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new position in RTX during the first quarter worth $26,000. 10Elms LLP acquired a new position in shares of RTX in the fourth quarter worth $29,000. Greenline Partners LLC acquired a new position in shares of RTX in the fourth quarter worth $34,000. Summit Securities Group LLC acquired a new position in shares of RTX in the first quarter worth $40,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of RTX in the fourth quarter worth $43,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Shane G. Eddy sold 25,968 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares of the company's stock, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by insiders.

RTX Trading Up 0.3%

NYSE:RTX traded up $0.49 on Thursday, hitting $158.60. 3,217,760 shares of the stock were exchanged, compared to its average volume of 5,167,118. The stock has a market cap of $212.29 billion, a PE ratio of 34.86, a PEG ratio of 2.92 and a beta of 0.67. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average of $153.11 and a 200-day moving average of $139.07. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $161.26.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly 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. The company had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX's dividend payout ratio is presently 59.78%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on RTX. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price target for the company in a report on Wednesday, May 14th. Barclays boosted their price target on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Royal Bank Of Canada reissued an "outperform" rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. The Goldman Sachs Group lifted their price objective on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Finally, Bank of America lifted their price objective on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Three investment 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 stock. Based on data from MarketBeat.com, RTX presently 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.