2,410 Shares in RTX Corporation $RTX Purchased by Park Edge Advisors LLC

Key Points

• Park Edge Advisors LLC acquired a new stake in RTX Corporation by purchasing 2,410 shares valued at approximately $352,000 during the second quarter.
• Insider transactions included the sale of 7,654 shares by Troy D. Brunk and 8,704 shares by VP Kevin G. Dasilva, indicating a significant decrease in their holdings.
• RTX recently increased its quarterly dividend to $0.68, representing an annualized dividend yield of 1.7%.

Park Edge Advisors LLC purchased a new position in RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,410 shares of the company's stock, valued at approximately $352,000.

A number of other large investors have also bought and sold shares of RTX. TrueWealth Advisors LLC increased its stake in shares of RTX by 3.6% during the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company's stock valued at $293,000 after buying an additional 70 shares during the period. Hamilton Capital LLC increased its stake in shares of RTX by 3.6% during the first quarter. Hamilton Capital LLC now owns 2,122 shares of the company's stock valued at $281,000 after buying an additional 74 shares during the period. ICW Investment Advisors LLC increased its stake in shares of RTX by 0.6% during the first quarter. ICW Investment Advisors LLC now owns 13,845 shares of the company's stock valued at $1,834,000 after buying an additional 77 shares during the period. Apexium Financial LP increased its stake in shares of RTX by 2.2% during the first quarter. Apexium Financial LP now owns 3,629 shares of the company's stock valued at $481,000 after buying an additional 78 shares during the period. Finally, Foster Victor Wealth Advisors LLC increased its stake in shares of RTX by 2.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock valued at $505,000 after buying an additional 82 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of NYSE:RTX traded down $0.10 during midday trading on Thursday, reaching $158.21. 3,690,847 shares of the company's stock traded hands, compared to its average volume of 5,130,098. The company has a market cap of $211.77 billion, a price-to-earnings ratio of 34.77, a P/E/G ratio of 2.92 and a beta of 0.67. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a one year low of $112.27 and a one year high of $161.26. The stock has a 50 day moving average of $155.40 and a 200 day moving average of $141.16.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the company earned $1.41 earnings per share. 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. As a group, equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company 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 is currently 59.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RTX shares. Morgan Stanley boosted their target price on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed 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. Sanford C. Bernstein upped their price target on RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 10th. The Goldman Sachs Group upped their price target on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Finally, JPMorgan Chase & Co. upped their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $158.87.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated Tuesday, August 12th. The stock was 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 of the company's stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last 90 days. Insiders own 0.15% of the company's stock.

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.