Investors Research Corp Sells 1,875 Shares of RTX Corporation $RTX

Investors Research Corp reduced its holdings in RTX Corporation (NYSE:RTX) by 37.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,084 shares of the company’s stock after selling 1,875 shares during the quarter. Investors Research Corp’s holdings in RTX were worth $450,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of 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 during the period. ProShare Advisors LLC lifted its position in RTX by 14.3% in the 4th quarter. ProShare Advisors LLC now owns 192,663 shares of the company’s stock valued at $22,295,000 after acquiring an additional 24,168 shares in the last quarter. Safeguard Investment Advisory Group LLC acquired a new position in RTX in the 4th quarter worth $204,000. Finally, Toronto Dominion Bank increased its holdings in RTX by 30.7% during the 4th quarter. Toronto Dominion Bank now owns 765,605 shares of the company’s stock worth $88,595,000 after purchasing an additional 179,698 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction 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 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 owned 17,684 shares in the company, valued at $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 a total of 56,635 shares of company stock valued at $8,947,010 in the last three months. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RTX. The Goldman Sachs Group boosted their price target on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Barclays upped their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price target on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Citigroup raised their target price on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. 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 company has an average rating of “Moderate Buy” and an average target price of $158.87.

RTX Trading Down 1.1%

NYSE RTX opened at $155.90 on Friday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $161.26. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average of $154.64 and a 200-day moving average of $140.67. The company has a market cap of $208.68 billion, a PE ratio of 34.26, a PEG ratio of 2.91 and a beta of 0.67.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period 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 research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced 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 was Friday, August 15th. RTX’s dividend payout ratio (DPR) is 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.