RTX Corporation $RTX Shares Sold by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC has reduced its stake in RTX Corporation by 2.2%, holding 224,259 shares valued at approximately $29.7 million.
• Multiple hedge funds, including Nuveen LLC and GAMMA Investing LLC, have significantly increased their holdings in RTX, indicating strong institutional interest.
• RTX recently declared a quarterly dividend of $0.68 per share, reflecting a dividend yield of 1.8% and a payout ratio of 59.78%.

Cambiar Investors LLC lessened its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 224,259 shares of the company's stock after selling 4,929 shares during the period. Cambiar Investors LLC's holdings in RTX were worth $29,705,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bay Capital Advisors LLC bought a new position in shares of RTX during the 1st quarter valued at about $224,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of 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 acquiring an additional 2,686 shares during the last quarter. Brookwood Investment Group LLC bought a new position in shares of RTX in the 1st quarter valued at about $1,288,000. Deutsche Bank AG lifted its holdings in shares of 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 acquiring an additional 936,953 shares during the last quarter. Finally, LBP AM SA lifted its holdings in shares of 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 acquiring an additional 41,990 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of analyst reports. Citigroup increased their price target on shares of RTX from $148.00 to $182.00 and gave the company a "buy" rating in a report on Monday, July 14th. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. JPMorgan Chase & Co. increased their price target on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Bank of America raised their price objective on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research 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 assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $158.67.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares of the company's stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction that occurred 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 directly 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. Insiders sold a total of 47,589 shares of company stock valued at $7,126,389 over the last quarter. 0.15% of the stock is owned by insiders.

RTX Trading Down 1.1%

Shares of NYSE:RTX traded down $1.7690 during trading on Tuesday, reaching $153.7310. 3,007,743 shares of the company were exchanged, compared to its average volume of 4,749,675. The firm has a market capitalization of $205.78 billion, a PE ratio of 33.79, a P/E/G ratio of 2.87 and a beta of 0.69. The business's fifty day simple moving average is $150.14 and its 200-day simple moving average is $136.83. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $158.79. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

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 analysts' consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.8%. RTX's payout ratio is 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.