Apella Capital LLC Boosts Stock Holdings in RTX Corporation $RTX

Apella Capital LLC raised its holdings in RTX Corporation (NYSE:RTX) by 26.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,309 shares of the company’s stock after purchasing an additional 1,334 shares during the period. Apella Capital LLC’s holdings in RTX were worth $921,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Bard Financial Services Inc. grew its stake in RTX by 5.3% during the second quarter. Bard Financial Services Inc. now owns 25,990 shares of the company’s stock valued at $3,795,000 after acquiring an additional 1,300 shares in the last quarter. Boltwood Capital Management lifted its position in RTX by 18.0% during the second quarter. Boltwood Capital Management now owns 8,346 shares of the company’s stock valued at $1,219,000 after purchasing an additional 1,273 shares during the last quarter. Heartwood Wealth Advisors LLC lifted its holdings in shares of RTX by 5.5% in the 2nd quarter. Heartwood Wealth Advisors LLC now owns 2,777 shares of the company’s stock worth $405,000 after acquiring an additional 144 shares during the last quarter. Wealth Alliance Advisory Group LLC lifted its holdings in shares of RTX by 1.8% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 21,391 shares of the company’s stock worth $3,124,000 after acquiring an additional 375 shares during the last quarter. Finally, Park Edge Advisors LLC bought a new stake in shares of RTX in the 2nd quarter worth approximately $352,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $158.40 on Tuesday. RTX Corporation has a one year low of $112.27 and a one year high of $161.26. The company’s 50-day moving average is $154.89 and its 200 day moving average is $140.92. The company has a market capitalization of $212.03 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 2.87 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 (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the firm posted $1.41 EPS. RTX’s revenue for the quarter was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were paid a dividend of $0.68 per share. The ex-dividend date was Friday, August 15th. This represents a $2.72 annualized dividend and a yield of 1.7%. RTX’s dividend payout ratio is currently 59.78%.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Cowen reiterated a “buy” rating on shares of RTX in a report on Friday, May 23rd. Morgan Stanley upped their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Finally, Bank of America boosted their price objective on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report 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 issued a Hold rating to the company. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $158.87.

Insider Buying and Selling at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the company’s 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 transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their position. 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. 0.15% of the stock is owned by company 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.