RTX Corporation $RTX Shares Acquired by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in RTX Corporation by 86.7%, acquiring an additional 9,410 shares, bringing its total to 20,265 shares valued at approximately $2.68 million.
• RTX reported a quarterly earnings per share of $1.56, surpassing analyst expectations of $1.45, and achieved revenue of $21.58 billion, exceeding the estimated $20.68 billion.
• The company also announced a quarterly dividend of $0.68, resulting in an annualized dividend of $2.72 and a yield of 1.8%.

Vestmark Advisory Solutions Inc. grew its holdings in RTX Corporation (NYSE:RTX - Free Report) by 86.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,265 shares of the company's stock after buying an additional 9,410 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in RTX were worth $2,684,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. MorganRosel Wealth Management LLC bought a new stake in RTX during the first quarter worth approximately $26,000. 10Elms LLP bought a new stake in shares of RTX in the 4th quarter valued at approximately $29,000. Greenline Partners LLC purchased a new position in shares of RTX in the 4th quarter worth approximately $34,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX during the 1st quarter valued at approximately $44,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of RTX during the 4th quarter valued at approximately $43,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

Shares of RTX stock traded up $2.5490 during trading hours on Wednesday, hitting $156.2090. The company's stock had a trading volume of 1,675,633 shares, compared to its average volume of 5,264,676. 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 $209.09 billion, a PE ratio of 34.32, 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 200 day moving average of $136.83.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company's revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 1.7%. RTX's payout ratio is 59.78%.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Bank of America lifted their price target on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a report on Monday, July 21st. Citigroup raised their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $158.67.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the 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 owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,589 shares of company stock worth $7,126,389. 0.15% of the stock is currently owned by corporate insiders.

RTX 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.