4,435 Shares in RTX Corporation $RTX Purchased by Signal Advisors Wealth LLC

Key Points

• Signal Advisors Wealth LLC acquired a new stake in RTX Corporation, purchasing 4,435 shares valued at approximately $648,000 in the second quarter.
• Analysts have raised their price targets for RTX shares, with Citigroup increasing theirs from $148.00 to $182.00, reflecting a positive outlook on the stock.
• RTX announced a quarterly dividend of $0.68 per share, resulting in an annualized yield of 1.7%, with a dividend payout ratio of 59.78%.

Signal Advisors Wealth LLC purchased a new stake in shares of RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,435 shares of the company's stock, valued at approximately $648,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after acquiring an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of RTX by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock worth $1,371,171,000 after purchasing an additional 104,139 shares in the last quarter. Invesco Ltd. boosted its position in shares of RTX by 1.5% in the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock worth $1,365,969,000 after purchasing an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of RTX by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock worth $1,021,623,000 after purchasing an additional 65,493 shares in the last quarter. Finally, Nuveen LLC bought a new position in RTX in the 1st quarter valued at approximately $916,739,000. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares of the company's stock, valued at $2,007,395.84. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 in the last 90 days. Corporate insiders own 0.15% of the company's stock.

RTX Price Performance

RTX traded up $0.93 during trading on Tuesday, hitting $160.36. The company's stock had a trading volume of 434,815 shares, compared to its average volume of 5,104,668. 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 $161.40. The business's fifty day simple moving average is $156.07 and its 200 day simple moving average is $141.92. The firm has a market capitalization of $214.65 billion, a price-to-earnings ratio of 35.32, a P/E/G ratio of 2.92 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The company'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, equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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

Analyst Ratings Changes

RTX has been the subject of a number of research reports. Susquehanna boosted their target price on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein upped their price objective on RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 10th. The Goldman Sachs Group upped their price objective on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. JPMorgan Chase & Co. increased their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.87.

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.