RTX Corporation $RTX Holdings Trimmed by Plato Investment Management Ltd

Key Points

• Plato Investment Management Ltd reduced its holdings in RTX Corporation by 60.5% in Q1, owning 7,962 shares valued at approximately $1,066,000 after selling 12,210 shares.
• RTX reported better-than-expected Q2 earnings of $1.56 per share against an estimate of $1.45, and revenue of $21.58 billion, surpassing projections of $20.68 billion.
• The company has a quarterly dividend of $0.68 per share, with an annualized yield of 1.8% and a payout ratio of 59.78%.

Plato Investment Management Ltd lowered its holdings in RTX Corporation (NYSE:RTX - Free Report) by 60.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,962 shares of the company's stock after selling 12,210 shares during the period. Plato Investment Management Ltd's holdings in RTX were worth $1,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RTX. Vanguard Group Inc. raised its position in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after buying an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. grew its stake in RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock valued at $1,371,171,000 after acquiring an additional 104,139 shares in the last quarter. Invesco Ltd. increased its holdings in shares of RTX by 1.5% in the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock valued at $1,365,969,000 after purchasing an additional 154,544 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of RTX by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock worth $1,021,623,000 after purchasing an additional 65,493 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of RTX by 0.5% in the fourth quarter. Nuveen Asset Management LLC now owns 6,947,301 shares of the company's stock worth $803,942,000 after purchasing an additional 35,794 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Up 2.1%

Shares of NYSE:RTX opened at $154.88 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $207.32 billion, a PE ratio of 34.04, a P/E/G ratio of 2.80 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 firm has a fifty day moving average price of $154.20 and a 200 day moving average price of $140.15.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results 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. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, 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. Over the last 90 days, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Bank of America lifted their price objective on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their target price on RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Three 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $158.87.

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.

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