Martingale Asset Management L P Has $23.49 Million Holdings in RTX Corporation $RTX

Martingale Asset Management L P lowered its holdings in RTX Corporation (NYSE:RTX) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 177,346 shares of the company’s stock after selling 10,822 shares during the quarter. Martingale Asset Management L P’s holdings in RTX were worth $23,491,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RTX. Accredited Wealth Management LLC raised its holdings in shares of RTX by 50.0% in the 1st quarter. Accredited Wealth Management LLC now owns 1,329 shares of the company’s stock worth $176,000 after acquiring an additional 443 shares during the last quarter. VanderPol Investments L.L.C. purchased a new stake in shares of RTX in the first quarter worth approximately $221,000. Dorsey & Whitney Trust CO LLC raised 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 lifted its holdings 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 valued at $594,000 after purchasing an additional 748 shares in the last quarter. Finally, Frisch Financial Group Inc. boosted its position in shares of RTX by 25.3% during the first quarter. Frisch Financial Group Inc. now owns 5,298 shares of the company’s stock valued at $702,000 after buying an additional 1,070 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated Thursday, July 24th. The stock was 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 owned 30,004 shares in the company, valued at approximately $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 47,589 shares of company stock worth $7,126,389 over the last 90 days. Insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $156.6560 on Thursday. The company’s fifty day moving average price is $150.44 and its 200-day moving average price is $136.97. RTX Corporation has a one year low of $112.27 and a one year high of $158.79. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The firm has a market capitalization of $209.69 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.83 and a beta of 0.69.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX’s dividend payout ratio is currently 59.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RTX shares. Barclays increased their price target on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. UBS Group raised their target price on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. DZ Bank upgraded RTX from a “sell” rating to a “hold” rating and set a $129.00 target price on the stock in a research note on Friday, April 25th. Finally, Bank of America upped their price objective on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.67.

About RTX

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.