RTX Corporation $RTX Stock Position Lifted by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd has increased its stake in RTX Corporation by 0.3%, bringing its total holdings to approximately 695,299 shares valued at about $92.1 million.
• Several analysts have recently upgraded their price targets for RTX, with Goldman Sachs and Bank of America setting targets of $126.00 and $175.00, respectively, indicating positive sentiment about the company's prospects.
• RTX reported earnings per share of $1.56 for the most recent quarter, exceeding analyst expectations of $1.45, with a revenue increase of 9.4% year-over-year.

UniSuper Management Pty Ltd lifted its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 0.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 695,299 shares of the company's stock after purchasing an additional 2,399 shares during the quarter. RTX comprises approximately 0.7% of UniSuper Management Pty Ltd's holdings, making the stock its 22nd largest holding. UniSuper Management Pty Ltd owned approximately 0.05% of RTX worth $92,099,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Scientech Research LLC purchased a new stake in shares of RTX during the 1st quarter worth about $943,000. Redwood Financial Network Corp purchased a new stake in shares of RTX during the 1st quarter worth about $243,000. Sandler Capital Management grew its holdings in shares of RTX by 16.2% during the 1st quarter. Sandler Capital Management now owns 55,996 shares of the company's stock worth $7,417,000 after purchasing an additional 7,807 shares during the period. Paradoxiom Capital L.P. purchased a new stake in shares of RTX during the 1st quarter worth about $8,570,000. Finally, Plancorp LLC boosted its holdings in RTX by 11.5% in the 1st quarter. Plancorp LLC now owns 5,390 shares of the company's stock worth $714,000 after acquiring an additional 555 shares during the period. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares of the company's stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on 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 three months. 0.15% of the stock is currently owned by company insiders.

RTX Stock Performance

Shares of RTX stock traded down $2.38 on Tuesday, hitting $151.84. 5,459,307 shares of the stock traded hands, compared to its average volume of 3,471,159. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company has a market capitalization of $203.24 billion, a PE ratio of 33.37, a PEG ratio of 2.84 and a beta of 0.67. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $161.26. The company's fifty day moving average is $153.99 and its 200 day moving average is $140.05.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the prior year, the company posted $1.41 EPS. The business's revenue was up 9.4% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were given 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 1.8%. RTX's dividend payout ratio (DPR) is currently 59.78%.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of analyst reports. Royal Bank Of Canada restated an "outperform" rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Cowen restated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Bank of America upped their price target on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Barclays upped their price target on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Finally, Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and a consensus target price of $158.67.

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.