Nicolet Bankshares Inc. Grows Stake in RTX Corporation $RTX

Key Points

• Nicolet Bankshares Inc. has increased its stake in RTX Corporation by 50.5%, acquiring an additional 1,717 shares during the first quarter, valuing its holdings at $678,000.
• The company recently reported $1.56 earnings per share (EPS) for the last quarter, surpassing analysts' estimates of $1.45, and recorded a 9.4% year-over-year increase in revenue.
• RTX has announced a quarterly dividend of $0.68 to be paid on September 4th, representing a 1.7% yield based on an annualized payout ratio of 59.78%.

Nicolet Bankshares Inc. raised its stake in RTX Corporation (NYSE:RTX - Free Report) by 50.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,119 shares of the company's stock after buying an additional 1,717 shares during the quarter. Nicolet Bankshares Inc.'s holdings in RTX were worth $678,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new stake in RTX in the 1st quarter valued at $26,000. 10Elms LLP purchased a new stake in RTX in the 4th quarter valued at $29,000. Greenline Partners LLC purchased a new stake in RTX in the 4th quarter valued at $34,000. Summit Securities Group LLC purchased a new stake in RTX in the 1st quarter valued at $40,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in RTX in the 1st quarter valued at $44,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 0.6%

RTX traded up $0.92 during mid-day trading on Thursday, hitting $160.76. 3,116,368 shares of the stock were exchanged, compared to its average volume of 3,918,701. The firm's fifty day moving average is $151.96 and its two-hundred day moving average is $138.18. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $161.26. 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 has a market cap of $215.18 billion, a PE ratio of 35.33, a PEG ratio of 2.95 and a beta of 0.69.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results 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 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 analyst estimates of $20.68 billion. During the same quarter in the prior year, the company earned $1.41 EPS. RTX's revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Insider Activity at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the company's stock in a transaction dated 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 sale, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 sale, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,557 shares of company stock worth $11,275,816 over the last quarter. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

RTX has been the topic of several recent analyst reports. Susquehanna upped their price target on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Wednesday, May 14th. Sanford C. Bernstein set a $154.00 price target on RTX and gave the company a "market perform" rating in a research note on Friday, July 11th. UBS Group upped their price target on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a research note on Monday, July 21st. Three 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $158.67.

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.