RTX Corporation $RTX Shares Bought by Banque Transatlantique SA

Banque Transatlantique SA increased its stake in RTX Corporation (NYSE:RTX) by 68.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,217 shares of the company’s stock after buying an additional 6,991 shares during the quarter. Banque Transatlantique SA’s holdings in RTX were worth $2,108,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bay Capital Advisors LLC purchased a new stake in shares of RTX during the first quarter valued at approximately $224,000. Dynamic Advisor Solutions LLC grew its holdings in RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock valued at $4,591,000 after purchasing an additional 2,686 shares in the last quarter. Brookwood Investment Group LLC purchased a new stake in RTX during the 1st quarter worth $1,288,000. Deutsche Bank AG lifted its holdings in RTX by 46.0% in the 4th quarter. Deutsche Bank AG now owns 2,973,342 shares of the company’s stock worth $344,075,000 after buying an additional 936,953 shares in the last quarter. Finally, LBP AM SA boosted its position in RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after buying an additional 41,990 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Down 0.4%

NYSE RTX opened at $157.91 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a one year low of $112.27 and a one year high of $161.26. The company has a 50-day simple moving average of $152.78 and a 200-day simple moving average of $138.94. The firm has a market capitalization of $211.37 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67.

RTX (NYSE:RTX) last issued its earnings results 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. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter last year, the company posted $1.41 earnings per share. RTX’s revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a dividend of $0.68 per share. The ex-dividend date is Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX’s payout ratio is currently 59.78%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Morgan Stanley raised their price target on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. UBS Group increased their price objective on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.67.

Insider Activity

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on 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 sale, the vice president directly owned 30,004 shares of the company’s stock, valued at $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’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 owned 13,184 shares in the company, 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. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last 90 days. Insiders own 0.15% of the company’s stock.

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.