2,373 Shares in RTX Corporation $RTX Bought by Perpetual Ltd

Key Points

• Perpetual Ltd has invested approximately $347,000 in RTX Corporation by acquiring 2,373 shares in the second quarter.
• RTX's earnings per share (EPS) for the last quarter was reported at $1.56, exceeding analysts' expectations of $1.45, along with a revenue of $21.58 billion.
• The company announced a quarterly dividend of $0.68 per share, resulting in an annualized yield of 1.7% and a payout ratio of 59.78%.

Perpetual Ltd bought a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,373 shares of the company's stock, valued at approximately $347,000.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of RTX by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock worth $1,371,171,000 after acquiring an additional 104,139 shares during the last quarter. Invesco Ltd. lifted its holdings in RTX by 1.5% in the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock worth $1,365,969,000 after purchasing an additional 154,544 shares during the period. Dimensional Fund Advisors LP lifted its holdings in RTX by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock worth $1,021,623,000 after purchasing an additional 65,493 shares during the period. Finally, Nuveen LLC acquired a new stake in RTX in the first quarter worth about $916,739,000. Institutional investors own 86.50% of the company's stock.

Insider Activity at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by company insiders.

RTX Stock Up 0.8%

NYSE:RTX traded up $1.34 during mid-day trading on Monday, reaching $159.58. The stock had a trading volume of 3,294,972 shares, compared to its average volume of 3,943,100. The business's 50 day moving average is $156.07 and its 200 day moving average is $141.92. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $161.26. The stock has a market cap of $213.60 billion, a P/E ratio of 35.07, a PEG ratio of 2.92 and a beta of 0.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping 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 firm 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 posted $1.41 earnings per share. The firm'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, sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 dividend on an annualized basis and a yield of 1.7%. RTX's dividend payout ratio is presently 59.78%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Sanford C. Bernstein upped their price objective on shares of RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a report on Wednesday, September 10th. JPMorgan Chase & Co. upped their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a report on Monday, July 21st. Finally, Morgan Stanley upped their price target on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Three equities 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $158.87.

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.