Rede Wealth LLC Has $460,000 Stake in RTX Corporation $RTX

Rede Wealth LLC lowered its position in RTX Corporation (NYSE:RTX) by 8.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,469 shares of the company’s stock after selling 337 shares during the quarter. Rede Wealth LLC’s holdings in RTX were worth $460,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bay Capital Advisors LLC acquired a new stake in RTX in the first quarter valued at $224,000. Dynamic Advisor Solutions LLC lifted its stake in RTX by 8.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock valued at $4,591,000 after acquiring an additional 2,686 shares during the last quarter. Brookwood Investment Group LLC bought a new position in shares of RTX in the first quarter valued at about $1,288,000. Deutsche Bank AG raised its position in shares of RTX by 46.0% in the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company’s stock valued at $344,075,000 after purchasing an additional 936,953 shares during the period. Finally, LBP AM SA raised its position in shares of RTX by 17.7% in the first quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after purchasing an additional 41,990 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 16,922 shares of the business’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the transaction, the executive vice president owned 16,538 shares of the company’s stock, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction on 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 directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,589 shares of company stock worth $7,126,389 in the last three months. 0.15% of the stock is currently owned by company insiders.

RTX Stock Performance

Shares of RTX stock opened at $156.2890 on Friday. The business has a fifty day simple moving average of $150.74 and a two-hundred day simple moving average of $137.15. 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 firm has a market capitalization of $209.20 billion, a P/E ratio of 34.35, a P/E/G ratio of 2.89 and a beta of 0.69. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $158.79.

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 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%.RTX’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 EPS. 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 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on RTX. 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 research report on Wednesday, May 14th. Citigroup raised their price target on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Cowen reiterated a “buy” rating on shares of RTX in a research note on Friday, May 23rd. Finally, Morgan Stanley lifted their price objective on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Three equities research 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.