Motive Wealth Advisors Boosts Holdings in RTX Corporation $RTX

Motive Wealth Advisors grew its position in RTX Corporation (NYSE:RTX) by 10.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,725 shares of the company’s stock after acquiring an additional 166 shares during the quarter. Motive Wealth Advisors’ holdings in RTX were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in RTX by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after acquiring an additional 104,139 shares during the last quarter. Invesco Ltd. increased its stake in RTX by 1.5% in the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after acquiring an additional 154,544 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in RTX by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after acquiring an additional 65,493 shares during the last quarter. Finally, Nuveen LLC bought a new stake in RTX in the 1st quarter worth approximately $916,739,000. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RTX has been the topic of several analyst reports. Bank of America boosted their target price on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein boosted their target price on RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a research report on Wednesday, September 10th. UBS Group boosted their target price on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Morgan Stanley boosted their target price on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Susquehanna boosted their target price on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.87.

RTX Price Performance

RTX opened at $161.59 on Thursday. The business has a fifty day moving average of $156.52 and a 200 day moving average of $142.18. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $163.03. 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 stock has a market cap of $216.30 billion, a P/E ratio of 35.51, a PEG ratio of 2.96 and a beta of 0.67.

RTX (NYSE:RTX) last posted its quarterly earnings data 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 company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the previous year, the business earned $1.41 EPS. RTX’s revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

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

About RTX

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.