Talon Private Wealth LLC Acquires Shares of 6,456 RTX Corporation $RTX

Key Points

• Talon Private Wealth LLC has acquired 6,456 shares of RTX Corporation, amounting to approximately $855,000, during the first quarter.
• Institutional investors currently hold 86.50% of RTX's stock, with several firms, including ICW Investment Advisors and Apexium Financial, increasing their stakes in the company.
• RTX recently reported earnings surpassing estimates, with a quarterly revenue of $21.58 billion and set its FY 2025 guidance at 5.800-5.950 EPS.

Talon Private Wealth LLC bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 6,456 shares of the company's stock, valued at approximately $855,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ICW Investment Advisors LLC increased its position in RTX by 0.6% during the 1st quarter. ICW Investment Advisors LLC now owns 13,845 shares of the company's stock worth $1,834,000 after purchasing an additional 77 shares during the period. Apexium Financial LP increased its position in RTX by 2.2% during the 1st quarter. Apexium Financial LP now owns 3,629 shares of the company's stock worth $481,000 after purchasing an additional 78 shares during the period. Guardian Wealth Advisors LLC NC increased its position in RTX by 1.7% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company's stock worth $576,000 after purchasing an additional 82 shares during the period. Foster Victor Wealth Advisors LLC increased its position in RTX by 2.1% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company's stock worth $505,000 after purchasing an additional 82 shares during the period. Finally, Weatherly Asset Management L. P. increased its position in RTX by 0.4% during the 1st quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company's stock worth $2,767,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Philip J. Jasper sold 12,847 shares of the company's 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 sale, the insider owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on RTX shares. JPMorgan Chase & Co. boosted their target price on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Susquehanna boosted their price target on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Bank of America boosted their price target on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Sanford C. Bernstein set a $154.00 price target on RTX and gave the stock a "market perform" rating in a research note on Friday, July 11th. Three equities research 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 MarketBeat.com, RTX has an average rating of "Moderate Buy" and an average price target of $158.67.

RTX Price Performance

RTX stock traded down $2.38 on Tuesday, reaching $151.84. The company had a trading volume of 5,459,307 shares, compared to its average volume of 3,471,159. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $161.26. 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 company's fifty day moving average is $153.99 and its 200 day moving average is $140.05. The company has a market cap of $203.24 billion, a P/E ratio of 33.37, a PEG ratio of 2.84 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The business 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 business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date 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.