RTX Corporation $RTX is LaFleur & Godfrey LLC's 6th Largest Position

Key Points

• LaFleur & Godfrey LLC reduced its stake in RTX Corporation by 11.3% in the 2nd quarter, now holding 2.9% of its portfolio in RTX, valued at $23.1 million.
• RTX announced a quarterly dividend of $0.68 per share, representing an annual yield of 1.7% with a payout ratio of 59.78%.
• Wall Street analysts have shown optimism, with price targets for RTX ranging from $145.00 to $182.00 following recent performance that exceeded earnings estimates.

LaFleur & Godfrey LLC trimmed its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 11.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,372 shares of the company's stock after selling 20,214 shares during the quarter. RTX comprises about 2.9% of LaFleur & Godfrey LLC's holdings, making the stock its 6th largest position. LaFleur & Godfrey LLC's holdings in RTX were worth $23,125,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. TrueWealth Advisors LLC lifted its stake in shares of RTX by 3.6% in the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company's stock valued at $293,000 after acquiring an additional 70 shares during the last quarter. RMR Wealth Builders grew its holdings in shares of RTX by 3.6% during the 2nd quarter. RMR Wealth Builders now owns 2,036 shares of the company's stock worth $297,000 after acquiring an additional 70 shares during the period. Hamilton Capital LLC grew its holdings in shares of RTX by 3.6% during the 1st quarter. Hamilton Capital LLC now owns 2,122 shares of the company's stock worth $281,000 after acquiring an additional 74 shares during the period. Persium Advisors LLC grew its holdings in shares of RTX by 1.6% during the 2nd quarter. Persium Advisors LLC now owns 4,935 shares of the company's stock worth $721,000 after acquiring an additional 76 shares during the period. Finally, ICW Investment Advisors LLC grew its stake in shares of RTX by 0.6% in the 1st quarter. ICW Investment Advisors LLC now owns 13,845 shares of the company's stock worth $1,834,000 after buying an additional 77 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction dated 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 sale, the insider owned 17,684 shares in the company, 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 have sold a total of 56,635 shares of company stock worth $8,947,010 over the last three months. Corporate insiders own 0.15% of the company's stock.

RTX Stock Up 0.0%

RTX stock opened at $158.22 on Monday. The business has a fifty day moving average of $155.86 and a two-hundred day moving average of $141.71. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a market cap of $211.78 billion, a P/E ratio of 34.77, a P/E/G ratio of 2.92 and a beta of 0.67. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $161.26.

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, topping analysts' consensus estimates 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 analyst estimates of $20.68 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. RTX's revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were paid a $0.68 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's dividend payout ratio (DPR) is 59.78%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Barclays lifted their target price on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Bank of America boosted 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. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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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