Titan Global Capital Management USA LLC Increases Stock Position in RTX Corporation $RTX

Key Points

• Titan Global Capital Management USA LLC increased its stake in RTX Corporation by 13.6%, acquiring an additional 4,850 shares, bringing their total to 40,540 shares valued at about $5.37 million.
• Several institutional investors have significantly modified their holdings in RTX, with Nuveen LLC purchasing a new position worth $916 million and GAMMA Investing LLC increasing its stake by 14,838.5%.
• RTX recently announced a quarterly dividend of $0.68 per share, representing an annualized yield of 1.7%, and has set an EPS guidance of $5.800-5.950 for FY 2025.

Titan Global Capital Management USA LLC boosted its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 13.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,540 shares of the company's stock after acquiring an additional 4,850 shares during the quarter. RTX accounts for about 1.1% of Titan Global Capital Management USA LLC's investment portfolio, making the stock its 25th largest holding. Titan Global Capital Management USA LLC's holdings in RTX were worth $5,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of RTX. Brighton Jones LLC boosted its holdings in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its position in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after purchasing an additional 159 shares during the last quarter. Pinebridge Investments L.P. bought a new position in RTX during the 4th quarter valued at approximately $374,000. MGO One Seven LLC raised its position in RTX by 24.4% during the 4th quarter. MGO One Seven LLC now owns 27,159 shares of the company's stock valued at $3,143,000 after purchasing an additional 5,323 shares during the last quarter. Finally, Coppell Advisory Solutions LLC raised its position in RTX by 13.9% during the 4th quarter. Coppell Advisory Solutions LLC now owns 10,457 shares of the company's stock valued at $1,205,000 after purchasing an additional 1,280 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Down 0.0%

Shares of RTX stock traded down $0.0530 during midday trading on Friday, reaching $156.2670. 4,250,914 shares of the stock were exchanged, compared to its average volume of 4,010,900. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $158.79. The company's 50 day moving average is $150.96 and its two-hundred day moving average is $137.46. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market cap of $209.17 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 2.88 and a beta of 0.69.

RTX (NYSE:RTX - Get Free Report) last posted 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 firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the business earned $1.41 EPS. The business'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 predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. RTX's dividend payout ratio is currently 59.78%.

Insider Transactions at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction that occurred 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 directly owned 17,684 shares of the company's stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction that occurred on 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 sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,589 shares of company stock worth $7,126,389. Company insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a research report on Monday, July 21st. Cowen reaffirmed a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Morgan Stanley upped their price target on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Barclays upped their price target on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Three equities 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 stock. According to data from MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and an average price target of $158.67.

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.