RTX Corporation $RTX is Retirement Planning Co of New England Inc.'s 4th Largest Position

Key Points

• Retirement Planning Co of New England Inc. increased its stake in RTX Corporation by 178.0% during the first quarter, owning 42,887 shares valued at approximately $5.68 million.
• Analysts have mixed reviews on RTX, with three rating it as a Strong Buy and others adjusting target prices significantly, including Citigroup raising it from $148.00 to $182.00.
• RTX recently announced a quarterly dividend of $0.68 per share, which reflects a 1.7% dividend yield and a payout ratio of 59.78%.

Retirement Planning Co of New England Inc. increased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 178.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,887 shares of the company's stock after buying an additional 27,458 shares during the quarter. RTX accounts for about 2.1% of Retirement Planning Co of New England Inc.'s portfolio, making the stock its 4th largest position. Retirement Planning Co of New England Inc.'s holdings in RTX were worth $5,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new stake in RTX during the 1st quarter valued at about $26,000. 10Elms LLP purchased a new stake in RTX during the 4th quarter valued at about $29,000. Greenline Partners LLC purchased a new stake in RTX during the 4th quarter valued at about $34,000. Summit Securities Group LLC purchased a new stake in RTX during the 1st quarter valued at about $40,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in RTX during the 4th quarter valued at about $43,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares of the company's stock, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Barclays boosted their price target on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Susquehanna boosted their price target on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group boosted their price target on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Finally, UBS Group boosted their price objective on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $158.67.

RTX Price Performance

NYSE RTX traded down $0.69 during trading hours on Tuesday, reaching $157.91. The company's stock had a trading volume of 3,259,056 shares, compared to its average volume of 3,604,400. The firm has a market capitalization of $211.37 billion, a price-to-earnings ratio of 34.71, 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 company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company's 50-day moving average is $152.78 and its two-hundred day moving average is $138.94.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

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

RTX Company 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.