UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Stock Holdings in RTX Corporation $RTX

Key Points

• UBS Asset Management increased its stake in RTX Corporation by 5.3%, bringing its total holdings to approximately 6.38 million shares valued at around $845 million.
• RTX reported a quarterly earnings per share (EPS) of $1.56, exceeding analysts' expectations of $1.45, with a revenue of $21.58 billion for the quarter.
• The company declared a quarterly dividend of $0.68 per share, which results in an annualized dividend yield of 1.8% with a payout ratio of 59.78%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,379,460 shares of the company's stock after buying an additional 321,350 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.48% of RTX worth $845,023,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the first quarter valued at about $26,000. 10Elms LLP purchased a new stake in shares of RTX in the fourth quarter valued at about $29,000. Summit Securities Group LLC purchased a new stake in shares of RTX in the first quarter valued at about $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX during the first quarter valued at approximately $44,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of RTX during the fourth quarter valued at approximately $43,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock valued at $8,947,010 over the last 90 days. Insiders own 0.15% of the company's stock.

RTX Price Performance

RTX traded up $2.79 during trading on Thursday, reaching $157.79. 4,288,758 shares of the company were exchanged, compared to its average volume of 3,571,454. The company's 50-day moving average is $154.44 and its two-hundred day moving average is $140.38. The company has a market cap of $211.21 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.86 and a beta of 0.67. 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 12-month low of $112.27 and a 12-month high of $161.26.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Sanford C. Bernstein lifted their price objective on RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a report on Wednesday. Finally, Bank of America lifted their price objective on RTX from $150.00 to $175.00 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 given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.87.

RTX Company 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.