Perpetual Ltd Invests $347,000 in RTX Corporation $RTX

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

Several other hedge funds and other institutional investors have also made changes to their positions in RTX. Nuveen LLC bought a new stake in RTX during the first quarter worth approximately $916,739,000. GAMMA Investing LLC raised its holdings in RTX by 14,838.5% during the first quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock worth $551,460,000 after purchasing an additional 4,135,349 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock worth $845,784,000 after purchasing an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 1,357,328 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock worth $160,588,000 after purchasing an additional 1,117,506 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 0.0%

Shares of NYSE:RTX opened at $158.22 on Monday. The stock has a market capitalization of $211.78 billion, a PE ratio of 34.77, a P/E/G ratio of 2.92 and a beta of 0.67. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $161.26. The firm has a fifty day moving average price of $155.86 and a 200 day moving average price of $141.71. 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 (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, beating analysts' consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period last year, the business posted $1.41 EPS. RTX'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 expect 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 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 payout ratio is currently 59.78%.

Insider Activity

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the business's 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on RTX shares. Royal Bank Of Canada reissued an "outperform" rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Sanford C. Bernstein upped their price target on RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a report on Wednesday, September 10th. UBS Group upped their price target on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Morgan Stanley upped their price target on 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 issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.87.

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.

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