Silvant Capital Management LLC Increases Stake in RTX Corporation $RTX

Key Points

• Silvant Capital Management LLC significantly increased its stake in RTX Corporation by 881.0%, owning 19,110 shares valued at $2.53 million after acquiring an additional 17,162 shares.
• RTX Corporation reported earnings of $1.56 per share for the last quarter, exceeding analysts' expectations of $1.45, and achieved a revenue of $21.58 billion, which was above the anticipated $20.68 billion.
• The company declared a quarterly dividend of $0.68 per share, with an annualized yield of 1.7% and a payout ratio of 59.78%, to be distributed on September 4th.

Silvant Capital Management LLC grew its stake in RTX Corporation (NYSE:RTX - Free Report) by 881.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,110 shares of the company's stock after acquiring an additional 17,162 shares during the quarter. Silvant Capital Management LLC's holdings in RTX were worth $2,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RTX. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the 1st quarter worth $26,000. 10Elms LLP purchased a new position in shares of RTX during the 4th quarter worth $29,000. Greenline Partners LLC purchased a new position in shares of RTX during the 4th quarter worth $34,000. Summit Securities Group LLC purchased a new position in shares of RTX during the 1st quarter worth $40,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of RTX during the 4th quarter worth $43,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Down 1.2%

Shares of RTX stock traded down $2.00 during trading hours on Friday, reaching $158.66. 3,773,937 shares of the company were exchanged, compared to its average volume of 3,834,786. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $161.26. The stock's fifty day moving average is $152.20 and its 200 day moving average is $138.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market cap of $212.38 billion, a PE ratio of 34.87, a PEG ratio of 2.96 and a beta of 0.69.

RTX (NYSE:RTX - Get Free Report) last posted 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 return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the prior year, the company earned $1.41 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 15th. RTX's dividend payout ratio (DPR) is presently 59.78%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RTX. Barclays increased their price target on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. increased their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Morgan Stanley increased their price target on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. 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. Finally, Susquehanna increased their price target on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $158.67.

Insiders Place Their Bets

In other news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of RTX 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 completion of the transaction, the insider owned 16,442 shares of the company's stock, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,557 shares of company stock worth $11,275,816. Corporate insiders own 0.15% of the company's stock.

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.