OMERS ADMINISTRATION Corp Decreases Stake in RTX Corporation $RTX

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in RTX Corporation by 8.8%, selling 5,504 shares and holding a total of 57,113 shares valued at approximately $7.57 million.
• RTX Corporation reported earnings per share of $1.56 for the last quarter, exceeding market expectations, with revenues of $21.58 billion, reflecting a year-over-year growth of 9.4%.
• Several analysts have recently increased their price targets for RTX shares, with a consensus target of $158.67 and a majority rating of "Moderate Buy".

OMERS ADMINISTRATION Corp trimmed its holdings in RTX Corporation (NYSE:RTX - Free Report) by 8.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,113 shares of the company's stock after selling 5,504 shares during the period. OMERS ADMINISTRATION Corp's holdings in RTX were worth $7,565,000 as of its most recent filing with the Securities and Exchange Commission.

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

RTX Price Performance

Shares of RTX stock traded down $2.00 on Monday, hitting $158.66. 3,773,937 shares of the company traded hands, compared to its average volume of 3,802,495. RTX Corporation has a 12-month low of $112.27 and a 12-month 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 $212.38 billion, a P/E ratio of 34.87, a P/E/G ratio of 2.92 and a beta of 0.67. The firm's 50-day simple moving average is $152.20 and its 200 day simple moving average is $138.56.

RTX (NYSE:RTX - Get Free Report) last announced 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 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 analyst estimates of $20.68 billion. During the same period in the previous year, the business earned $1.41 earnings per share. 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. Analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,557 shares of company stock worth $11,275,816 over the last ninety days. Corporate insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of analyst reports. Sanford C. Bernstein set a $154.00 price objective on shares of RTX and gave the company a "market perform" rating in a research report on Friday, July 11th. Citigroup raised their price target on shares of RTX from $148.00 to $182.00 and gave the company a "buy" rating in a report on Monday, July 14th. Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a report on Monday, July 21st. Susquehanna increased their price objective on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Finally, Barclays lifted their price objective on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Three investment 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's stock. Based on data from MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus price target of $158.67.

RTX 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.