VanderPol Investments L.L.C. Buys New Stake in RTX Corporation $RTX

Key Points

• VanderPol Investments L.L.C. has acquired a new stake in RTX Corporation, purchasing 1,672 shares valued at approximately $221,000 during the first quarter of this year.
• Several major institutional investors have increased their stakes in RTX, with Vanguard Group Inc. now owning nearly $15.9 billion worth of the stock.
• RTX recently reported earnings of $1.56 per share, surpassing expectations, and announced a quarterly dividend of $0.68, reflecting a yearly yield of 1.8%.

VanderPol Investments L.L.C. bought a new stake in RTX Corporation (NYSE:RTX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,672 shares of the company's stock, valued at approximately $221,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after acquiring an additional 1,357,328 shares in the last quarter. Northern Trust Corp boosted its stake in RTX by 8.4% in the fourth quarter. Northern Trust Corp now owns 12,912,698 shares of the company's stock valued at $1,494,257,000 after acquiring an additional 997,806 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in RTX by 43.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after acquiring an additional 3,164,844 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in RTX by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock valued at $1,371,171,000 after acquiring an additional 104,139 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in RTX by 1.5% in the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock valued at $1,365,969,000 after acquiring an additional 154,544 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Down 1.1%

Shares of RTX stock opened at $153.7310 on Wednesday. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $158.79. 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 stock has a market cap of $205.78 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 2.87 and a beta of 0.69. The company has a 50-day moving average of $150.14 and a two-hundred day moving average of $136.83.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $20.68 billion. During the same period last year, the company posted $1.41 earnings per share. The firm's quarterly 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, research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.8%. RTX's dividend payout ratio (DPR) is presently 59.78%.

Insider Buying and Selling at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares of the company's stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. This trade represents a 9.98% 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. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RTX. Sanford C. Bernstein set a $154.00 target price on shares of RTX and gave the stock a "market perform" rating in a research note on Friday, July 11th. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Barclays increased their target price on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. increased their target price on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Susquehanna increased their target price on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Three 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. Based on data from MarketBeat, the stock 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.

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