United Asset Strategies Inc. Has $2.70 Million Holdings in RTX Corporation $RTX

Key Points

• United Asset Strategies Inc. sold 22,890 shares of RTX Corporation, decreasing its holdings by 52.9% in the 1st quarter, leaving it with 20,389 shares valued at approximately $2.7 million.
• RTX Corporation reported earnings of $1.56 per share for the last quarter, beating analysts' estimates and demonstrating a 9.4% year-over-year revenue increase to $21.58 billion.
• The company announced a quarterly dividend of $0.68 per share, with a 1.7% dividend yield, scheduled for payout on September 4th.

United Asset Strategies Inc. trimmed its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 52.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,389 shares of the company's stock after selling 22,890 shares during the period. United Asset Strategies Inc.'s holdings in RTX were worth $2,701,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Bay Capital Advisors LLC acquired a new position in shares of RTX in the first quarter worth about $224,000. Dynamic Advisor Solutions LLC raised 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 valued at $4,591,000 after acquiring an additional 2,686 shares during the period. Brookwood Investment Group LLC purchased a new stake in shares of RTX in the 1st quarter valued at approximately $1,288,000. Deutsche Bank AG boosted its stake in RTX by 46.0% in the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after purchasing an additional 936,953 shares during the period. Finally, LBP AM SA boosted its stake in RTX by 17.7% in the 1st 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. Hedge funds and other institutional investors own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. increased their price objective on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $154.00 price objective on RTX and gave the stock a "market perform" rating in a research report on Friday, July 11th. Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group increased their price target on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.67.

RTX Stock Down 0.0%

Shares of RTX stock traded down $0.0530 during trading on Friday, hitting $156.2670. 4,250,914 shares of the stock traded hands, compared to its average volume of 4,034,675. The stock has a market cap of $209.17 billion, a P/E ratio of 34.34, a PEG ratio of 2.88 and a beta of 0.69. The company has a fifty day moving average price of $150.96 and a two-hundred day moving average price of $137.40. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $158.79. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion for 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 firm's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. RTX's dividend payout ratio is currently 59.78%.

Insiders Place Their Bets

In related news, insider Philip J. Jasper sold 12,847 shares of the company's 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 sale, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,589 shares of company stock worth $7,126,389 in the last 90 days. 0.15% of the stock is owned by corporate insiders.

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.