Boston Family Office LLC Increases Position in RTX Corporation $RTX

Key Points

• Boston Family Office LLC increased its holdings in RTX Corporation by 40.5% during the first quarter, owning 12,913 shares valued at approximately $1.71 million.
• Several other institutions also significantly altered their positions, with Nuveen LLC investing nearly $916.7 million in RTX, and T. Rowe Price increasing its stake by 43.1%.
• The company reported earnings of $1.56 per share, exceeding analyst expectations, with quarterly revenue of $21.58 billion, marking a 9.4% year-over-year increase.

Boston Family Office LLC lifted its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 40.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,913 shares of the company's stock after buying an additional 3,722 shares during the quarter. Boston Family Office LLC's holdings in RTX were worth $1,710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RTX. Brighton Jones LLC lifted its stake in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after acquiring an additional 159 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of RTX by 6.1% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 388,552 shares of the company's stock valued at $44,948,000 after acquiring an additional 22,336 shares in the last quarter. GeoWealth Management LLC boosted its stake in shares of RTX by 23.8% during the fourth quarter. GeoWealth Management LLC now owns 10,604 shares of the company's stock valued at $1,227,000 after acquiring an additional 2,037 shares during the last quarter. Finally, Forum Financial Management LP increased its position in RTX by 41.7% during the 4th quarter. Forum Financial Management LP now owns 19,020 shares of the company's stock worth $2,201,000 after purchasing an additional 5,596 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent research reports. Bank of America lifted their price target on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. DZ Bank upgraded shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 target price on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. boosted their price target on RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Susquehanna increased their price target on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Finally, UBS Group lifted their price objective on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research report 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.67.

RTX Trading Up 1.9%

RTX stock traded up $2.9960 during trading on Wednesday, reaching $156.6560. 3,765,781 shares of the stock traded hands, compared to its average volume of 5,278,569. The firm has a market capitalization of $209.69 billion, a PE ratio of 34.43, a P/E/G ratio of 2.87 and a beta of 0.69. 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 business's 50 day moving average price is $150.14 and its 200-day moving average price is $136.83. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $158.79.

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

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.7%. RTX's dividend payout ratio (DPR) is presently 59.78%.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 7,654 shares of the company's 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 completion of the sale, the insider owned 16,442 shares of the company's stock, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,589 shares of company stock valued at $7,126,389. 0.15% of the stock is owned by insiders.

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.