NewEdge Advisors LLC Has $20.59 Million Position in RTX Corporation $RTX

Key Points

• NewEdge Advisors LLC has increased its stake in RTX Corporation by 3.7%, bringing its total holdings to 155,466 shares worth approximately $20.6 million.
• RTX recently declared a quarterly dividend of $0.68 per share, representing a yield of 1.7% and a payout ratio of 59.78%.
• The company reported earnings of $1.56 per share for the last quarter, exceeding estimates, with revenue increasing 9.4% year-over-year.

NewEdge Advisors LLC raised its position in RTX Corporation (NYSE:RTX - Free Report) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,466 shares of the company's stock after buying an additional 5,525 shares during the period. NewEdge Advisors LLC's holdings in RTX were worth $20,593,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. Bay Capital Advisors LLC acquired a new position in shares of RTX during the first quarter worth approximately $224,000. Dynamic Advisor Solutions LLC lifted its position in shares of RTX by 8.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after purchasing an additional 2,686 shares in the last quarter. Brookwood Investment Group LLC acquired a new position in shares of RTX during the first quarter worth approximately $1,288,000. Deutsche Bank AG lifted its position in shares of RTX by 46.0% during the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after purchasing an additional 936,953 shares in the last quarter. Finally, LBP AM SA lifted its position in shares of RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after purchasing an additional 41,990 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction on 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 transaction, the insider owned 17,684 shares of the company's stock, valued at $2,790,888.88. The trade was a 42.08% 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 three months. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of several analyst reports. Royal Bank Of Canada restated an "outperform" rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Citigroup increased their price objective on shares of RTX from $148.00 to $182.00 and gave the company a "buy" rating in a report on Monday, July 14th. Susquehanna increased their price objective on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, UBS Group increased their price objective on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $158.87.

RTX Stock Up 2.1%

Shares of RTX stock traded up $3.13 during trading hours on Wednesday, hitting $154.88. 4,514,533 shares of the company were exchanged, compared to its average volume of 5,160,560. The business has a 50 day moving average of $153.99 and a two-hundred day moving average of $140.05. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $161.26. The company has a market capitalization of $207.32 billion, a PE ratio of 34.04, a PEG ratio of 2.84 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company 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 earned $1.41 earnings per share. The firm's 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. Analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.8%. RTX's dividend payout ratio is currently 59.78%.

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.