RTX Corporation $RTX Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. trimmed its position in shares of RTX Corporation (NYSE:RTX) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,373 shares of the company’s stock after selling 1,121 shares during the quarter. Goelzer Investment Management Inc.’s holdings in RTX were worth $6,333,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new position in shares of RTX during the first quarter worth about $26,000. 10Elms LLP acquired a new position in shares of RTX during the fourth quarter worth about $29,000. Summit Securities Group LLC acquired a new position in shares of RTX during the first quarter worth about $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX during the first quarter worth about $44,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of RTX during the fourth quarter worth about $43,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

RTX opened at $158.60 on Wednesday. The company has a fifty day simple moving average of $155.16 and a 200 day simple moving average of $141.04. The firm has a market cap of $212.29 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 2.92 and a beta of 0.67. RTX Corporation has a twelve month low of $112.27 and a twelve 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.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion during 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 business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

Insider Activity at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Cowen restated a “buy” rating on shares of RTX in a research report on Friday, May 23rd. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, UBS Group increased their price target on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Three 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. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

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.