Strathmore Capital Advisors Inc. Invests $440,000 in RTX Corporation $RTX

Key Points

• Strathmore Capital Advisors Inc. made a $440,000 investment in RTX Corporation by acquiring 3,010 shares in the 2nd quarter, indicating growing institutional interest in the company.
• Wall Street analysts have issued various ratings for RTX, with three analysts rating it as a Strong Buy and a consensus price target of $158.87.
• RTX recently reported a quarterly earnings per share of $1.56, surpassing expectations, and announced a dividend of $0.68, reflecting ongoing financial health and shareholder returns.

Strathmore Capital Advisors Inc. purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,010 shares of the company's stock, valued at approximately $440,000.

Several other large investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the first quarter valued at approximately $26,000. 10Elms LLP acquired a new stake in RTX during the 4th quarter valued at $29,000. Summit Securities Group LLC acquired a new stake in RTX during the 1st quarter valued at $40,000. Mpwm Advisory Solutions LLC acquired a new position in RTX during the 4th quarter worth $43,000. Finally, McClarren Financial Advisors Inc. acquired a new position in RTX during the 1st quarter valued at about $44,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares in the company, 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. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 over the last quarter. Insiders own 0.15% of the company's stock.

RTX Trading Up 0.0%

RTX stock traded up $0.03 during midday trading on Friday, hitting $158.22. The company had a trading volume of 7,081,960 shares, compared to its average volume of 3,801,553. 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 52 week low of $112.27 and a 52 week high of $161.26. The stock's 50 day moving average price is $155.86 and its 200 day moving average price is $141.53. The stock has a market cap of $211.78 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.92 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion during 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 for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were paid 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 (DPR) is currently 59.78%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RTX shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Morgan Stanley upped their price target on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. UBS Group raised their price objective on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Barclays increased their target price on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $158.87.

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.