Ethic Inc. Has $5.47 Million Stock Position in RTX Corporation $RTX

Key Points

• Ethic Inc. increased its stake in RTX Corporation by 18.5%, owning 41,195 shares valued at approximately $5.47 million as of the latest SEC filing.
• RTX recently declared a $0.68 quarterly dividend to be paid on September 4th, representing an annualized amount of $2.72 with a yield of 1.8%.
• In its latest earnings report, RTX exceeded analysts' expectations with $1.56 earnings per share, up from $1.41 in the previous year, and reported revenue of $21.58 billion.

Ethic Inc. lifted its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 18.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,195 shares of the company's stock after purchasing an additional 6,422 shares during the quarter. Ethic Inc.'s holdings in RTX were worth $5,473,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of RTX. Bay Capital Advisors LLC acquired a new stake in RTX in the 1st quarter valued at approximately $224,000. Dynamic Advisor Solutions LLC raised its position in RTX by 8.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock valued at $4,591,000 after buying an additional 2,686 shares during the last quarter. Brookwood Investment Group LLC acquired a new stake in RTX in the 1st quarter valued at approximately $1,288,000. Deutsche Bank AG raised its position in RTX by 46.0% in the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock valued at $344,075,000 after buying an additional 936,953 shares during the last quarter. Finally, LBP AM SA raised its position in RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company's stock valued at $36,980,000 after buying an additional 41,990 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Performance

Shares of NYSE RTX traded up $3.2880 during midday trading on Wednesday, hitting $156.9480. 1,902,192 shares of the company's stock were exchanged, compared to its average volume of 5,266,299. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $158.79. The company's 50 day moving average price is $150.14 and its 200 day moving average price is $136.83. The firm has a market capitalization of $210.08 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.87 and a beta of 0.69.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping 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 company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the previous year, the company posted $1.41 EPS. The firm's revenue for the quarter 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, analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX's dividend payout ratio is currently 59.78%.

Insider Activity at RTX

In related news, 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 value of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. The trade was a 9.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares of the company's stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,589 shares of company stock worth $7,126,389 in the last three months. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. boosted their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Barclays boosted their price target on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. UBS Group boosted their price target on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Susquehanna boosted their price target on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. 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 data from MarketBeat.com, RTX has an average rating of "Moderate Buy" and an average price target of $158.67.

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.