RTX Corporation $RTX Shares Bought by Silicon Valley Capital Partners

Key Points

• Silicon Valley Capital Partners significantly increased its stake in RTX Corporation by 967% in the first quarter, owning 4,108 shares valued at approximately $541,000.
• RTX Corporation reported $1.56 earnings per share for the most recent quarter, exceeding analysts' expectations of $1.45, along with a 9.4% year-over-year revenue increase.
• Recent equity analysts have raised their target prices for RTX, with Morgan Stanley setting a new target of $180 and JPMorgan Chase & Co. adjusting theirs to $175, both maintaining an "overweight" rating.

Silicon Valley Capital Partners increased its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 967.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,108 shares of the company's stock after purchasing an additional 3,723 shares during the period. Silicon Valley Capital Partners' holdings in RTX were worth $541,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC bought a new position in RTX during the first quarter valued at about $26,000. 10Elms LLP bought a new stake in RTX in the fourth quarter worth about $29,000. Summit Securities Group LLC bought a new stake in shares of RTX in the 1st quarter worth approximately $40,000. Mpwm Advisory Solutions LLC acquired a new stake in RTX during the fourth quarter valued at approximately $43,000. Finally, McClarren Financial Advisors Inc. acquired a new position in RTX in the first quarter worth approximately $44,000. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction 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 of the company's stock, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last three months. 0.15% of the stock is currently owned by company insiders.

RTX Price Performance

Shares of NYSE:RTX opened at $154.88 on Thursday. The firm has a market cap of $207.32 billion, a price-to-earnings 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 company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $154.20 and a 200 day simple moving average of $140.15.

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

RTX Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Morgan Stanley lifted their target price on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. UBS Group boosted their price objective on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Susquehanna increased their target price on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a report 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 company. Based on data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and a consensus target price of $158.87.

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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