Triangle Securities Wealth Management Has $3.16 Million Stock Holdings in RTX Corporation $RTX

Key Points

• Triangle Securities Wealth Management has reduced its stake in RTX Corporation by 7.2%, selling 1,681 shares and now holding 21,665 shares valued at $3,164,000.
• Several institutional investors, including Vanguard Group and Charles Schwab, have increased their stakes in RTX, with 86.5% of the stock owned by institutional investors.
• RTX announced a quarterly dividend of $0.68 per share with a dividend yield of 1.7%, and recent earnings surpassed analysts' estimates with a reported $1.56 EPS for the quarter.

Triangle Securities Wealth Management decreased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,665 shares of the company's stock after selling 1,681 shares during the quarter. Triangle Securities Wealth Management's holdings in RTX were worth $3,164,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Charter Oak Capital Management LLC lifted its stake in RTX by 2.1% during the second quarter. Charter Oak Capital Management LLC now owns 8,150 shares of the company's stock worth $1,190,000 after purchasing an additional 168 shares during the last quarter. Security National Bank lifted its stake in RTX by 120.4% during the second quarter. Security National Bank now owns 49,033 shares of the company's stock worth $7,160,000 after purchasing an additional 26,785 shares during the last quarter. Global Financial Private Client LLC lifted its stake in RTX by 35.8% in the second quarter. Global Financial Private Client LLC now owns 8,865 shares of the company's stock valued at $1,294,000 after buying an additional 2,339 shares during the last quarter. HF Advisory Group LLC lifted its stake in RTX by 15.5% in the second quarter. HF Advisory Group LLC now owns 18,312 shares of the company's stock valued at $2,674,000 after buying an additional 2,452 shares during the last quarter. Finally, Rockland Trust Co. lifted its stake in RTX by 50.6% in the second quarter. Rockland Trust Co. now owns 9,156 shares of the company's stock valued at $1,337,000 after buying an additional 3,075 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insiders Place Their Bets

In related news, insider Shane G. Eddy sold 25,968 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm'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 completion of the transaction, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% 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 90 days. 0.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RTX. Morgan Stanley boosted their price objective on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein upped their price target on RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 10th. JPMorgan Chase & Co. upped their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Finally, Bank of America upped 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. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.87.

RTX Price Performance

Shares of RTX stock traded up $0.03 during mid-day trading on Friday, hitting $158.22. 7,081,960 shares of the stock traded hands, compared to its average volume of 3,801,553. 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 $211.78 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. The company's 50-day simple moving average is $155.86 and its 200-day simple moving average is $141.61. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $161.26.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for 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%.RTX's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 annualized dividend and a yield of 1.7%. RTX's dividend payout ratio is 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.