St. Louis Financial Planners Asset Management LLC Purchases New Stake in RTX Corporation $RTX

Key Points

• St. Louis Financial Planners Asset Management LLC acquired 18,514 shares of RTX Corporation, valued at approximately $2.7 million, making up 2.1% of their investment portfolio.
• Analysts have set new price targets for RTX, with Goldman Sachs raising it to $126 and UBS Group increasing it to $177, resulting in a consensus rating of "Moderate Buy".
• RTX recently announced a quarterly dividend of $0.68 per share, yielding 1.7%, with a current dividend payout ratio of 59.78%.

St. Louis Financial Planners Asset Management LLC purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,514 shares of the company's stock, valued at approximately $2,703,000. RTX makes up about 2.1% of St. Louis Financial Planners Asset Management LLC's investment portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. TrueWealth Advisors LLC raised its stake in RTX by 3.6% in the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company's stock valued at $293,000 after purchasing an additional 70 shares in the last quarter. RMR Wealth Builders grew its position in RTX by 3.6% in the second quarter. RMR Wealth Builders now owns 2,036 shares of the company's stock valued at $297,000 after acquiring an additional 70 shares during the last quarter. Hamilton Capital LLC grew its position in RTX by 3.6% in the first quarter. Hamilton Capital LLC now owns 2,122 shares of the company's stock valued at $281,000 after acquiring an additional 74 shares during the last quarter. Persium Advisors LLC grew its position in RTX by 1.6% in the second quarter. Persium Advisors LLC now owns 4,935 shares of the company's stock valued at $721,000 after acquiring an additional 76 shares during the last quarter. Finally, ICW Investment Advisors LLC grew its position in RTX by 0.6% in the first quarter. ICW Investment Advisors LLC now owns 13,845 shares of the company's stock valued at $1,834,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Analysts Set New Price Targets

RTX has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Sanford C. Bernstein lifted their target price on RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a research report on Wednesday, September 10th. Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Royal Bank Of Canada restated an "outperform" rating and set a $170.00 price target (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Finally, UBS Group boosted their price target on RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Three equities research 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $158.87.

Insiders Place Their Bets

In related news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction 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 sale, the insider directly owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 in the last three months. 0.15% of the stock is owned by corporate insiders.

RTX Price Performance

Shares of NYSE:RTX opened at $158.40 on Tuesday. 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 twelve month low of $112.27 and a twelve month high of $161.26. The stock's 50 day moving average is $154.89 and its 200-day moving average is $140.92. The firm has a market capitalization of $212.03 billion, a price-to-earnings ratio of 34.81, a PEG ratio of 2.87 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results 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 company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. RTX'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. Sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

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.

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