RTX Corporation $RTX is Haverford Trust Co's 8th Largest Position

Key Points

• Haverford Trust Co holds $243.24 million in RTX Corporation, making it the firm's 8th largest position after a 1.5% stake reduction in Q1.
• RTX reported a quarterly EPS of $1.56, surpassing estimates of $1.45, with revenue reaching $21.58 billion, a 9.4% increase year-over-year.
• The company announced a quarterly dividend of $0.68, with a total annualized yield of 1.7% and a payout ratio of 59.78%.

Haverford Trust Co decreased its stake in RTX Corporation (NYSE:RTX - Free Report) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,836,311 shares of the company's stock after selling 28,661 shares during the period. RTX makes up 2.4% of Haverford Trust Co's portfolio, making the stock its 8th biggest position. Haverford Trust Co owned 0.14% of RTX worth $243,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of RTX. Nuveen LLC purchased a new position in RTX in the first quarter valued at about $916,739,000. GAMMA Investing LLC boosted its holdings in RTX by 14,838.5% in the first quarter. GAMMA Investing LLC now owns 4,163,218 shares of the company's stock valued at $551,460,000 after purchasing an additional 4,135,349 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in RTX by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock valued at $845,784,000 after purchasing an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. boosted its holdings in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new position in RTX in the fourth quarter valued at about $138,585,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Stock Down 0.0%

RTX opened at $156.2670 on Friday. 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. The stock has a market cap of $209.17 billion, a P/E ratio of 34.34, a P/E/G ratio of 2.88 and a beta of 0.69. The stock's 50 day moving average price is $150.96 and its 200 day moving average price is $137.34.

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

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 is currently 59.78%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RTX shares. Cowen reissued a "buy" rating on shares of RTX in a report on Friday, May 23rd. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and an average price target of $158.67.

Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction that occurred on 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 sale, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the transaction, the executive vice president directly owned 16,538 shares of the company's stock, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,589 shares of company stock worth $7,126,389 over the last quarter. Insiders own 0.15% of the company's stock.

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.

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