LifePlan Financial LLC Cuts Stock Holdings in RTX Corporation $RTX

Key Points

• LifePlan Financial LLC reduced its stake in RTX Corporation by 37.0% in Q2, owning 5,048 shares valued at approximately $737,000 after selling 2,961 shares.
• Insider transactions show significant selling activity, with an executive vice president offloading 1,462 shares, and another insider selling 7,654 shares, indicating decreased ownership percentages.
• RTX reported Q2 earnings of $1.56 per share, surpassing estimates, with revenue of $21.58 billion, marking a 9.4% increase from the previous year.

LifePlan Financial LLC cut its stake in RTX Corporation (NYSE:RTX - Free Report) by 37.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,048 shares of the company's stock after selling 2,961 shares during the period. LifePlan Financial LLC's holdings in RTX were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Fragasso Financial Advisors Inc acquired a new position in RTX during the second quarter worth $319,000. St. Louis Financial Planners Asset Management LLC acquired a new stake in shares of RTX in the second quarter valued at $2,703,000. Heritage Family Offices LLP acquired a new stake in shares of RTX in the second quarter valued at $1,874,000. Lifestyle Asset Management Inc. raised its stake in shares of RTX by 13.7% in the second quarter. Lifestyle Asset Management Inc. now owns 1,824 shares of the company's stock valued at $266,000 after acquiring an additional 220 shares in the last quarter. Finally, Bowman & Co S.C. acquired a new stake in shares of RTX in the second quarter valued at $210,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred on 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 sale, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last ninety days. Insiders own 0.15% of the company's stock.

RTX Trading Up 1.6%

RTX stock opened at $158.40 on Tuesday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $161.26. The company has a market cap of $212.03 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 2.87 and a beta of 0.67. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $154.89 and a 200-day simple moving average of $140.92.

RTX (NYSE:RTX - Get Free Report) last announced 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. 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 period in the prior year, the firm earned $1.41 EPS. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

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

Analyst Ratings Changes

RTX has been the topic of several analyst reports. Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. JPMorgan Chase & Co. raised their price target on RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Bank of America raised their price target on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Susquehanna raised their price objective on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Three equities research 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 MarketBeat, RTX presently has an average rating of "Moderate Buy" and a consensus target price of $158.87.

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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