RTX Corporation $RTX Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in shares of RTX Corporation (NYSE:RTX) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,512 shares of the company’s stock after selling 4,165 shares during the period. Intech Investment Management LLC’s holdings in RTX were worth $6,426,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RTX. Focus Partners Wealth boosted its holdings in RTX by 6.0% during the first quarter. Focus Partners Wealth now owns 845,529 shares of the company’s stock worth $111,999,000 after buying an additional 47,573 shares in the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of RTX during the first quarter worth approximately $218,000. Integrity Alliance LLC. boosted its holdings in shares of RTX by 370.5% during the first quarter. Integrity Alliance LLC. now owns 58,124 shares of the company’s stock worth $7,699,000 after purchasing an additional 45,770 shares during the period. Ransom Advisory Ltd purchased a new stake in shares of RTX during the first quarter worth $2,216,000. Finally, Glenview Trust co increased its holdings in RTX by 0.9% in the first quarter. Glenview Trust co now owns 121,909 shares of the company’s stock worth $16,148,000 after buying an additional 1,088 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction 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 owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred 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 worth $8,947,010 in the last ninety days. Insiders own 0.15% of the company’s stock.

RTX Stock Up 1.8%

Shares of RTX stock opened at $157.79 on Friday. The company has a market capitalization of $211.21 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.86 and a beta of 0.67. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $161.26. The firm has a fifty day moving average of $154.44 and a 200-day moving average of $140.38. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last released its earnings results 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. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter last year, the firm earned $1.41 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were paid a $0.68 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX’s dividend payout ratio (DPR) is presently 59.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. 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. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a report on Monday, July 21st. Finally, JPMorgan Chase & Co. raised their price target on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.87.

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.