Price T Rowe Associates Inc. MD Sells 13,290 Shares of RTX Corporation $RTX

Key Points

• Price T Rowe Associates Inc. reduced its position in RTX Corporation by 0.5%, holding approximately 2.88 million shares valued at $381 million as of its latest SEC filing.
• A majority of research firms have maintained a positive outlook on RTX, with Citigroup increasing its price target from $148 to $182, reflecting a strong investment sentiment.
• RTX recently declared a quarterly dividend of $0.68 per share, set to be paid on September 4th, representing an annualized yield of 1.7% with a payout ratio of 59.78%.

Price T Rowe Associates Inc. MD lessened its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 0.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,877,164 shares of the company's stock after selling 13,290 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.22% of RTX worth $381,111,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after buying an additional 1,357,328 shares during the period. Northern Trust Corp boosted its holdings in shares of RTX by 8.4% during the fourth quarter. Northern Trust Corp now owns 12,912,698 shares of the company's stock worth $1,494,257,000 after acquiring an additional 997,806 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of RTX by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock valued at $1,371,171,000 after buying an additional 104,139 shares in the last quarter. Invesco Ltd. raised its position in shares of RTX by 1.5% in the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock valued at $1,365,969,000 after buying an additional 154,544 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of RTX by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock worth $1,021,623,000 after buying an additional 65,493 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Down 0.0%

Shares of RTX stock traded down $0.02 during trading hours on Monday, hitting $156.22. 2,430,243 shares of the company's stock traded hands, compared to its average volume of 4,010,900. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $158.79. The stock has a market cap of $209.11 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 2.88 and a beta of 0.69. The stock's fifty day simple moving average is $151.16 and its two-hundred day simple moving average is $137.65. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data 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 net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same period in the previous year, the business earned $1.41 EPS. The firm's revenue for the quarter 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 expect that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently announced 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%. RTX's dividend payout ratio (DPR) is presently 59.78%.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the sale, the executive vice president directly owned 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,589 shares of company stock worth $7,126,389 in the last 90 days. Insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research analyst reports. Bank of America upped their price target on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Barclays raised their price target on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. UBS Group raised their price target on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of RTX from $145.00 to $175.00 and gave the company 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 given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, RTX presently has an average rating of "Moderate Buy" and a consensus price target of $158.67.

RTX 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.