12,833 Shares in RTX Corporation $RTX Acquired by Heritage Family Offices LLP

Heritage Family Offices LLP bought a new position in shares of RTX Corporation (NYSE:RTX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,833 shares of the company’s stock, valued at approximately $1,874,000. RTX makes up about 0.9% of Heritage Family Offices LLP’s holdings, making the stock its 28th largest holding.

Other hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the 1st quarter valued at approximately $26,000. 10Elms LLP purchased a new stake in shares of RTX in the 4th quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new stake in shares of RTX in the 1st quarter valued at approximately $40,000. Mpwm Advisory Solutions LLC acquired a new position in RTX in the 4th quarter valued at approximately $43,000. Finally, McClarren Financial Advisors Inc. acquired a new position in RTX in the 1st quarter valued at approximately $44,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock worth $8,947,010. Corporate insiders own 0.15% of the company’s stock.

RTX Trading Up 1.6%

Shares of RTX stock opened at $158.40 on Tuesday. The stock has a market capitalization of $212.03 billion, a P/E ratio of 34.81, a price-to-earnings-growth ratio of 2.87 and a beta of 0.67. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a 50-day simple moving average of $154.89 and a 200 day simple moving average of $140.92. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $161.26.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations 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 last year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts expect 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 was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 15th. RTX’s dividend payout ratio (DPR) is presently 59.78%.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research reports. Morgan Stanley upped their price objective on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group increased their price target on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Bank of America increased 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 restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Finally, UBS Group increased their price target on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.