Sandler Capital Management Has $7.42 Million Stock Position in RTX Corporation $RTX

Key Points

• Sandler Capital Management increased its stake in RTX Corporation by 16.2% during the first quarter, totaling 55,996 shares valued at approximately $7.4 million.
• Insider selling has been notable, with insiders selling over 56,600 shares worth nearly $9 million in the past 90 days, leading to a significant decrease in their positions.
• RTX reported a quarterly earnings per share of $1.56, exceeding analyst expectations, and the company has set its FY 2025 guidance at 5.800-5.950 EPS.

Sandler Capital Management lifted its holdings in RTX Corporation (NYSE:RTX - Free Report) by 16.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,996 shares of the company's stock after buying an additional 7,807 shares during the quarter. RTX comprises 1.9% of Sandler Capital Management's portfolio, making the stock its 3rd biggest holding. Sandler Capital Management's holdings in RTX were worth $7,417,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new position in shares of RTX in the first quarter worth about $26,000. 10Elms LLP bought a new position in RTX in the 4th quarter worth approximately $29,000. Greenline Partners LLC bought a new position in RTX in the 4th quarter worth approximately $34,000. Summit Securities Group LLC acquired a new position in RTX during the 1st quarter worth $40,000. Finally, Mpwm Advisory Solutions LLC bought a new position in RTX in the 4th quarter valued at $43,000. Institutional investors own 86.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RTX shares. Benchmark upgraded RTX from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research report on Wednesday, May 14th. Barclays boosted their price objective on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. The Goldman Sachs Group raised their target price on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. UBS Group lifted their price target on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $158.67.

Insider Transactions at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was 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 directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred on 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. In the last quarter, insiders sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company's stock.

RTX Trading Down 1.5%

RTX stock traded down $2.38 during midday trading on Tuesday, hitting $151.84. 5,459,307 shares of the stock were exchanged, compared to its average volume of 3,471,159. The stock has a market capitalization of $203.24 billion, a PE ratio of 33.37, a P/E/G ratio of 2.84 and a beta of 0.67. The company has a fifty day simple moving average of $153.99 and a two-hundred day simple moving average of $140.05. 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 Corporation has a 52 week low of $112.27 and a 52 week high of $161.26.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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

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.