Defined Wealth Management LLC Has $505,000 Stake in RTX Corporation $RTX

Defined Wealth Management LLC trimmed its position in RTX Corporation (NYSE:RTX) by 7.2% in the second quarter, HoldingsChannel.com reports. The firm owned 3,459 shares of the company’s stock after selling 267 shares during the period. Defined Wealth Management LLC’s holdings in RTX were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of RTX. Brighton Jones LLC raised its stake in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after acquiring an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after acquiring an additional 159 shares in the last quarter. Tidal Investments LLC raised its stake in RTX by 69.1% during the fourth quarter. Tidal Investments LLC now owns 53,554 shares of the company’s stock worth $6,197,000 after acquiring an additional 21,883 shares in the last quarter. Two Sigma Advisers LP acquired a new position in RTX during the fourth quarter worth $1,921,000. Finally, Vivaldi Capital Management LP acquired a new position in RTX during the fourth quarter worth $424,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent analyst reports. Cowen reiterated a “buy” rating on shares of RTX in a research note on Friday, May 23rd. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Barclays raised their target price on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Morgan Stanley raised their target price on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, The Goldman Sachs Group raised their target price on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

Insiders Place Their Bets

In related news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 in the last 90 days. Company insiders own 0.15% of the company’s stock.

RTX Stock Up 0.1%

Shares of RTX stock opened at $158.60 on Wednesday. The business’s 50 day simple moving average is $155.16 and its 200 day simple moving average is $141.04. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $161.26. The firm has a market cap of $212.29 billion, a PE ratio of 34.86, a P/E/G ratio of 2.92 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 earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter last year, the firm earned $1.41 EPS. RTX’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. On average, analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

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.