Osterweis Capital Management Inc. Has $86,000 Stock Position in RTX Corporation $RTX

Osterweis Capital Management Inc. lessened its stake in shares of RTX Corporation (NYSE:RTX) by 42.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 653 shares of the company’s stock after selling 480 shares during the period. Osterweis Capital Management Inc.’s holdings in RTX were worth $86,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dorsey & Whitney Trust CO LLC grew its stake in shares of RTX by 11.3% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 39,708 shares of the company’s stock worth $5,260,000 after purchasing an additional 4,027 shares during the last quarter. GM Advisory Group LLC grew its stake in shares of RTX by 20.0% in the first quarter. GM Advisory Group LLC now owns 4,485 shares of the company’s stock worth $594,000 after purchasing an additional 748 shares during the last quarter. Frisch Financial Group Inc. grew its stake in shares of RTX by 25.3% in the first quarter. Frisch Financial Group Inc. now owns 5,298 shares of the company’s stock worth $702,000 after purchasing an additional 1,070 shares during the last quarter. GDS Wealth Management grew its stake in shares of RTX by 47.0% in the first quarter. GDS Wealth Management now owns 2,891 shares of the company’s stock worth $383,000 after purchasing an additional 924 shares during the last quarter. Finally, Capital Analysts LLC grew its stake in shares of RTX by 4.0% in the first quarter. Capital Analysts LLC now owns 147,133 shares of the company’s stock worth $19,489,000 after purchasing an additional 5,690 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 1.1%

RTX stock opened at $153.7310 on Wednesday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $158.79. The firm has a 50 day moving average price of $150.14 and a 200-day moving average price of $136.83. The company has a market capitalization of $205.78 billion, a P/E ratio of 33.79, a P/E/G ratio of 2.87 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 (NYSE:RTX) last released its 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. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the firm earned $1.41 EPS. The company’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, equities analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.8%. RTX’s dividend payout ratio (DPR) is presently 59.78%.

Analysts Set New Price Targets

Several brokerages recently weighed in on RTX. Susquehanna boosted their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their target price on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Benchmark raised shares of RTX from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Wednesday, May 14th. Finally, UBS Group upped their target price on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $158.67.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, 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. Insiders sold 47,589 shares of company stock worth $7,126,389 in the last 90 days. 0.15% of the stock is currently owned by company insiders.

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.