Rep. Josh Gottheimer Buys RTX Co. (NYSE:RTX) Shares

Representative Josh Gottheimer (D-New Jersey) recently bought shares of RTX Co. NYSE: RTX. In a filing disclosed on May 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in RTX stock on April 23rd. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Tri Pointe Homes NYSE: TPH on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 4/21/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of D.R. Horton NYSE: DHI on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 4/17/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/17/2025.
• Sold $1,001 - $15,000 in shares of Cadre NYSE: CDRE on 4/17/2025.

RTX Price Performance

Shares of NYSE:RTX opened at $135.56 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.17. The stock's 50 day moving average is $128.51 and its 200-day moving average is $124.10. The firm has a market capitalization of $181.10 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.12. The business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts forecast that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.01%. This is a positive change from RTX's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. RTX's dividend payout ratio is presently 79.77%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the first quarter worth $26,000. 10Elms LLP purchased a new position in shares of RTX during the fourth quarter worth $29,000. Fairway Wealth LLC purchased a new position in shares of RTX during the fourth quarter worth $31,000. Picton Mahoney Asset Management boosted its position in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares during the period. Finally, Greenline Partners LLC purchased a new position in shares of RTX during the fourth quarter worth $34,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,946 shares of company stock worth $9,024,856 over the last ninety days. Company insiders own 0.15% of the company's stock.

Analyst Ratings Changes

RTX has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company raised their price target on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a report on Tuesday, April 15th. UBS Group raised their price target on RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. StockNews.com raised RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Finally, Benchmark raised RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $159.82.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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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