Accredited Wealth Management LLC Raises Stake in RTX Corporation $RTX

Accredited Wealth Management LLC lifted its position in RTX Corporation (NYSE:RTX) by 50.0% in the first quarter, HoldingsChannel.com reports. The firm owned 1,329 shares of the company’s stock after purchasing an additional 443 shares during the quarter. Accredited Wealth Management LLC’s holdings in RTX were worth $176,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Guardian Wealth Advisors LLC NC raised its position in RTX by 1.7% during the 4th quarter. Guardian Wealth Advisors LLC NC now owns 4,978 shares of the company’s stock worth $576,000 after buying an additional 82 shares during the last quarter. Foster Victor Wealth Advisors LLC lifted its position in RTX by 2.1% during the first quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company’s stock valued at $505,000 after purchasing an additional 82 shares during the period. Weatherly Asset Management L. P. grew its position in RTX by 0.4% during the 1st quarter. Weatherly Asset Management L. P. now owns 20,888 shares of the company’s stock worth $2,767,000 after purchasing an additional 82 shares during the period. CLG LLC grew its position in RTX by 2.3% during the 1st quarter. CLG LLC now owns 3,686 shares of the company’s stock worth $488,000 after purchasing an additional 83 shares during the period. Finally, Lcnb Corp raised its stake in shares of RTX by 1.2% during the 1st quarter. Lcnb Corp now owns 7,117 shares of the company’s stock valued at $943,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.9%

RTX stock opened at $156.6560 on Thursday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $158.79. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $150.44 and a 200-day simple moving average of $136.97. The stock has a market capitalization of $209.69 billion, a P/E ratio of 34.43, a P/E/G ratio of 2.83 and a beta of 0.69.

RTX (NYSE:RTX) last announced its 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 company had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. 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. Investors of record on Friday, August 15th will be issued 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%.

Analysts Set New Price Targets

RTX has been the topic of several analyst reports. JPMorgan Chase & Co. raised their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $154.00 price objective on RTX and gave the stock a “market perform” rating in a research report on Friday, July 11th. Susquehanna raised 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. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, Cowen restated a “buy” rating on shares of RTX in a research report on Friday, May 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.67.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was 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 of the company’s stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,589 shares of company stock valued at $7,126,389. 0.15% of the stock is currently owned by company insiders.

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.