Purus Wealth Management LLC Has $1.92 Million Holdings in RTX Corporation $RTX

Purus Wealth Management LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,519 shares of the company’s stock after selling 156 shares during the period. Purus Wealth Management LLC’s holdings in RTX were worth $1,923,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RTX. Brighton Jones LLC increased its holdings in shares of 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 buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC lifted 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 purchasing an additional 159 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of RTX during the fourth quarter worth $374,000. MGO One Seven LLC lifted its holdings in shares of RTX by 24.4% during the fourth quarter. MGO One Seven LLC now owns 27,159 shares of the company’s stock worth $3,143,000 after purchasing an additional 5,323 shares during the period. Finally, Coppell Advisory Solutions LLC lifted its holdings in shares of RTX by 13.9% during the fourth quarter. Coppell Advisory Solutions LLC now owns 10,457 shares of the company’s stock worth $1,205,000 after purchasing an additional 1,280 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

RTX stock opened at $156.2890 on Friday. The firm has a market cap of $209.20 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 2.89 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $158.79. The company’s fifty day simple moving average is $150.74 and its 200 day simple moving average is $137.15.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (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 business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the previous year, the business earned $1.41 earnings per share. 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. On average, analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX’s dividend payout ratio is currently 59.78%.

Insider Activity

In other news, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 47,589 shares of company stock valued at $7,126,389. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $154.00 price target on shares of RTX and gave the stock a “market perform” rating in a report on Friday, July 11th. Susquehanna lifted their price target on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Finally, Benchmark upgraded shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Wednesday, May 14th. Three 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’s stock. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $158.67.

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.