Monetary Management Group Inc. Raises Stock Holdings in RTX Corporation $RTX

Key Points

• Monetary Management Group Inc. increased its stake in RTX Corporation by 69.7%, now owning 17,611 shares valued at approximately $2.33 million.
• Insider transactions involved significant sales, with insider Troy D. Brunk selling 7,654 shares and VP Kevin G. Dasilva selling 8,704 shares, indicating a reduction of their positions.
• RTX announced a quarterly dividend of $0.68 per share with a yield of 1.7% and reported $1.56 EPS, exceeding analyst estimates.

Monetary Management Group Inc. boosted its stake in RTX Corporation (NYSE:RTX - Free Report) by 69.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,611 shares of the company's stock after purchasing an additional 7,235 shares during the quarter. Monetary Management Group Inc.'s holdings in RTX were worth $2,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. MorganRosel Wealth Management LLC bought a new stake in shares of RTX during the 1st quarter worth $26,000. 10Elms LLP purchased a new position in shares of RTX in the 4th quarter worth about $29,000. Greenline Partners LLC bought a new position in shares of RTX during the 4th quarter valued at about $34,000. Summit Securities Group LLC bought a new position in shares of RTX during the 1st quarter valued at about $40,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of RTX during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 7,654 shares of the company'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 owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 transaction of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,589 shares of company stock worth $7,126,389 over the last quarter. 0.15% of the stock is owned by insiders.

RTX Stock Performance

Shares of RTX stock opened at $156.2890 on Friday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $158.79. The stock has a market cap of $209.20 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69. 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 company's fifty day moving average price is $150.74 and its 200-day moving average price is $137.15.

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, topping analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. RTX's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal 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 paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's payout ratio is 59.78%.

Analyst Ratings Changes

RTX has been the subject of several research reports. Citigroup upped their target price on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a report on Friday, April 25th. UBS Group lifted their price target on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Bank of America lifted their price target on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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