RTX Corporation $RTX Shares Acquired by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC increased its position in RTX Corporation (NYSE:RTX) by 1.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,631 shares of the company’s stock after purchasing an additional 280 shares during the period. Capital Asset Advisory Services LLC’s holdings in RTX were worth $4,272,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in 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 acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC boosted its stake in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares during the period. ProShare Advisors LLC boosted its stake in RTX by 14.3% in the fourth 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 during the period. Safeguard Investment Advisory Group LLC acquired a new position in RTX in the fourth quarter valued at approximately $204,000. Finally, Toronto Dominion Bank boosted its stake in RTX by 30.7% in the fourth quarter. Toronto Dominion Bank now owns 765,605 shares of the company’s stock valued at $88,595,000 after acquiring an additional 179,698 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RTX. Barclays lifted 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. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a report on Monday, July 21st. The Goldman Sachs Group lifted 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. Sanford C. Bernstein increased their price target on RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a research note on Wednesday. Finally, Cowen reissued a “buy” rating on shares of RTX in a research note on Friday, May 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $158.87.

Insider Activity

In related news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 over the last 90 days. Corporate insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of 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 stock has a market cap of $208.68 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 2.91 and a beta of 0.67. The stock’s 50 day moving average price is $154.64 and its 200 day moving average price is $140.67. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the previous year, the company earned $1.41 earnings per share. The firm’s quarterly 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. Equities research analysts anticipate that RTX Corporation will post 6.11 earnings per share 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 issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 annualized dividend and a yield of 1.7%. RTX’s payout ratio is presently 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.