Zuckerman Investment Group LLC Has $767,000 Stock Position in RTX Corporation $RTX

Key Points

• Zuckerman Investment Group LLC increased its stake in RTX Corporation by 54.1% in the first quarter, acquiring an additional 2,033 shares, bringing its total holdings to 5,790 shares valued at approximately $767,000.
• RTX reported a quarterly earnings per share of $1.56, exceeding the consensus estimate of $1.45, along with a revenue of $21.58 billion, up 9.4% year-over-year.
• The company announced a quarterly dividend of $0.68 per share, representing an annualized dividend yield of 1.7%, with a payout ratio of 59.78%.

Zuckerman Investment Group LLC grew its stake in RTX Corporation (NYSE:RTX - Free Report) by 54.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,790 shares of the company's stock after purchasing an additional 2,033 shares during the period. Zuckerman Investment Group LLC's holdings in RTX were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Apexium Financial LP grew its stake in shares of RTX by 2.2% in the 1st quarter. Apexium Financial LP now owns 3,629 shares of the company's stock valued at $481,000 after purchasing an additional 78 shares during the period. Guardian Wealth Advisors LLC NC grew its stake in shares of RTX by 1.7% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock valued at $576,000 after purchasing an additional 82 shares during the period. Foster Victor Wealth Advisors LLC grew its stake in shares of RTX by 2.1% in the 1st quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock valued at $505,000 after purchasing an additional 82 shares during the period. Weatherly Asset Management L. P. grew its stake in shares of RTX by 0.4% in the 1st quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock valued at $2,767,000 after purchasing an additional 82 shares during the period. Finally, CLG LLC grew its stake in shares of RTX by 2.3% in the 1st quarter. CLG LLC now owns 3,686 shares of the company's stock valued at $488,000 after purchasing an additional 83 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 0.6%

RTX traded up $0.92 during mid-day trading on Thursday, reaching $160.76. The stock had a trading volume of 3,116,368 shares, compared to its average volume of 3,918,701. The stock has a market capitalization of $215.18 billion, a P/E ratio of 35.33, a P/E/G ratio of 2.95 and a beta of 0.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm's fifty day simple moving average is $151.96 and its two-hundred day simple moving average is $138.18. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $161.26.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The firm 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 quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RTX shares. Susquehanna upped their price objective on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. UBS Group increased their price target on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group increased their price target on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Morgan Stanley increased their price target on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, RTX currently has an average rating of "Moderate Buy" and an average target price of $158.67.

Insider Transactions at RTX

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction on Tuesday, June 3rd. The stock was 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 in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,557 shares of company stock worth $11,275,816. Corporate 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.