Asset Planning Services Inc. LA ADV Sells 500 Shares of RTX Corporation $RTX

Asset Planning Services Inc. LA ADV trimmed its holdings in RTX Corporation (NYSE:RTX) by 0.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,096 shares of the company’s stock after selling 500 shares during the period. RTX comprises approximately 4.1% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 7th largest holding. Asset Planning Services Inc. LA ADV’s holdings in RTX were worth $8,093,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of RTX by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock valued at $1,371,171,000 after purchasing an additional 104,139 shares in the last quarter. Invesco Ltd. raised its position in shares of RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock valued at $1,365,969,000 after acquiring an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock valued at $1,021,623,000 after acquiring an additional 65,493 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of RTX during the 1st quarter valued at approximately $916,739,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Up 1.8%

Shares of RTX stock opened at $157.79 on Friday. 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 firm has a market cap of $211.21 billion, a price-to-earnings ratio of 34.68, a price-to-earnings-growth ratio of 2.86 and a beta of 0.67. The business has a fifty day simple moving average of $154.44 and a 200-day simple moving average of $140.38. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $161.26.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 12.89% and a net margin of 7.35%.The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

Wall Street Analysts Forecast Growth

RTX has been the topic of several research reports. UBS Group upped their price target on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Barclays upped their price target on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Sanford C. Bernstein upped their price target on RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a research report on Wednesday. Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $158.87.

Insider Transactions at RTX

In related news, 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 value of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by company insiders.

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.