Ransom Advisory Ltd Buys Shares of 16,732 RTX Corporation $RTX

Key Points

• Ransom Advisory Ltd has acquired a new position in RTX Corporation by purchasing 16,732 shares valued at around $2.2 million in the first quarter.
• Insider trading activity includes VP Kevin G. Dasilva selling 8,704 shares, representing a 22.49% decrease in their position, and EVP Ramsaran Maharajh also selling shares, reflecting a broader trend of insider selling.
• RTX reported a strong quarterly performance with earnings of $1.56 EPS and revenue of $21.58 billion, exceeding analyst expectations and indicating a 9.4% year-over-year revenue growth.

Ransom Advisory Ltd purchased a new position in shares of RTX Corporation (NYSE:RTX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,732 shares of the company's stock, valued at approximately $2,216,000. RTX makes up 1.1% of Ransom Advisory Ltd's holdings, making the stock its 22nd largest holding.

Other hedge funds also recently modified their holdings of the company. Hamilton Capital LLC grew its stake in shares of RTX by 3.6% in the first quarter. Hamilton Capital LLC now owns 2,122 shares of the company's stock worth $281,000 after purchasing an additional 74 shares during the last quarter. ICW Investment Advisors LLC lifted its stake in RTX by 0.6% in the first quarter. ICW Investment Advisors LLC now owns 13,845 shares of the company's stock worth $1,834,000 after acquiring an additional 77 shares during the period. Apexium Financial LP increased its position in RTX by 2.2% during the 1st quarter. Apexium Financial LP now owns 3,629 shares of the company's stock valued at $481,000 after purchasing an additional 78 shares during the period. Foster Victor Wealth Advisors LLC raised its holdings in RTX by 2.1% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock worth $505,000 after purchasing an additional 82 shares in the last quarter. Finally, Weatherly Asset Management L. P. lifted its position in shares of RTX by 0.4% in the 1st quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock worth $2,767,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Activity at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares of the company's stock, valued at $4,686,624.80. This represents a 22.49% decrease in their position. The sale 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 stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock valued at $8,947,010 in the last 90 days. 0.15% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RTX. Cowen reissued a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Bank of America increased their price objective on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $154.00 price target on shares of RTX and gave the stock a "market perform" rating in a research note on Friday, July 11th. Susquehanna upped their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Three research 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $158.67.

RTX Stock Performance

RTX stock opened at $151.84 on Wednesday. The stock has a market capitalization of $203.24 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 2.84 and a beta of 0.67. The stock's 50 day simple moving average is $153.99 and its 200 day simple moving average is $140.05. 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.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results 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 net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. 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, research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were given a dividend of $0.68 per share. The ex-dividend date was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.8%. RTX's dividend payout ratio (DPR) is presently 59.78%.

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.

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.