DCM Advisors LLC Lowers Holdings in RTX Corporation $RTX

Key Points

• DCM Advisors LLC reduced its stake in RTX Corporation by 16.2%, now holding 35,188 shares valued at approximately $4.64 million, making it the 21st largest position in their portfolio.
• RTX reported $1.56 EPS in its latest quarterly earnings, exceeding analyst expectations of $1.45, with a year-over-year revenue increase of 9.4% to $21.58 billion.
• The company declared a quarterly dividend of $0.68 per share, resulting in an annualized dividend yield of 1.8% and a payout ratio of 59.78%.

DCM Advisors LLC reduced its position in RTX Corporation (NYSE:RTX - Free Report) by 16.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,188 shares of the company's stock after selling 6,808 shares during the quarter. RTX comprises approximately 2.5% of DCM Advisors LLC's portfolio, making the stock its 21st biggest position. DCM Advisors LLC's holdings in RTX were worth $4,644,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bay Capital Advisors LLC acquired a new stake in shares of RTX during the first quarter worth $224,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of RTX by 8.4% during the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after purchasing an additional 2,686 shares during the period. Brookwood Investment Group LLC acquired a new stake in shares of RTX during the first quarter worth $1,288,000. LBP AM SA lifted its holdings in shares of RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after purchasing an additional 41,990 shares during the period. Finally, Arizona State Retirement System lifted its holdings in shares of RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock worth $51,741,000 after purchasing an additional 5,356 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RTX. Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Bank of America raised their target price on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their target price on RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Cowen reissued a "buy" rating on shares of RTX in a report on Friday, May 23rd. Finally, Jefferies Financial Group reissued a "hold" rating on shares of RTX in a report on Monday, July 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $158.87.

Insider Activity

In related news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their position. 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 in the last quarter. Corporate insiders own 0.15% of the company's stock.

RTX Price Performance

Shares of NYSE:RTX traded up $2.79 during midday trading on Thursday, hitting $157.79. 4,288,758 shares of the stock were exchanged, compared to its average volume of 3,571,454. The stock has a market cap of $211.21 billion, a P/E ratio of 34.68, a PEG ratio of 2.86 and a beta of 0.67. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $161.26. The company has a 50 day moving average price of $154.44 and a 200-day moving average price of $140.38.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.11. The business 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 revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

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.