Vident Advisory LLC Has $76.11 Million Stock Holdings in RTX Corporation $RTX

Key Points

• Vident Advisory LLC increased its holdings in RTX Corporation by 144.9%, owning 574,551 shares valued at approximately $76.11 million as of the end of the last quarter.
• RTX reported better-than-expected quarterly earnings with $1.56 earnings per share, exceeding the consensus estimate of $1.45, along with revenues of $21.58 billion for the quarter.
• The company declared a quarterly dividend of $0.68 per share, representing an annual yield of 1.7%, with a dividend payout ratio of 59.78%.

Vident Advisory LLC boosted its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 144.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 574,551 shares of the company's stock after purchasing an additional 339,900 shares during the period. RTX accounts for 1.1% of Vident Advisory LLC's investment portfolio, making the stock its 16th biggest holding. Vident Advisory LLC's holdings in RTX were worth $76,105,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in RTX during the 1st quarter worth approximately $26,000. 10Elms LLP purchased a new position in RTX during the 4th quarter worth approximately $29,000. Greenline Partners LLC purchased a new position in RTX during the 4th quarter worth approximately $34,000. Summit Securities Group LLC acquired a new stake in shares of RTX during the 1st quarter valued at $40,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of RTX during the 4th quarter valued at $43,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares of the company's stock, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction 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 stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last three months. Company insiders own 0.15% of the company's stock.

RTX Stock Performance

Shares of RTX traded down $0.69 during trading hours on Tuesday, reaching $157.91. 3,258,062 shares of the company traded hands, compared to its average volume of 5,192,990. The stock's fifty day moving average is $152.45 and its 200 day moving average is $138.81. The stock has a market cap of $211.37 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $161.26.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS 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 net margin of 7.35% and a return on equity of 12.89%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. RTX's dividend payout ratio is currently 59.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RTX shares. Bank of America lifted their target price on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. UBS Group lifted their price objective on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group lifted their price objective on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research note on Wednesday, May 14th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $158.67.

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.