RMR Wealth Builders Grows Holdings in RTX Corporation $RTX

RMR Wealth Builders increased its holdings in shares of RTX Corporation (NYSE:RTX) by 3.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,036 shares of the company’s stock after purchasing an additional 70 shares during the quarter. RMR Wealth Builders’ holdings in RTX were worth $297,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of RTX. Brighton Jones LLC grew its holdings in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares during the period. Stonebrook Private Inc. grew its stake in shares of RTX by 7.8% in the fourth quarter. Stonebrook Private Inc. now owns 2,041 shares of the company’s stock worth $236,000 after purchasing an additional 148 shares in the last quarter. Tidal Investments LLC raised its stake in shares of RTX by 69.1% during the fourth quarter. Tidal Investments LLC now owns 53,554 shares of the company’s stock valued at $6,197,000 after purchasing an additional 21,883 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in RTX in the fourth quarter worth about $1,921,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other 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 transaction of $1,359,564.80. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated 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 have sold 56,635 shares of company stock worth $8,947,010 in the last three months. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. Sanford C. Bernstein lifted their price target on shares of RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Barclays lifted their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Susquehanna upped their price target on shares of RTX from $160.00 to $175.00 and gave the company a “positive” 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.87.

RTX Stock Up 1.6%

Shares of RTX stock opened at $158.40 on Tuesday. The stock has a 50 day moving average of $154.89 and a 200-day moving average of $140.92. The firm has a market cap of $212.03 billion, a PE ratio of 34.81, a price-to-earnings-growth ratio of 2.87 and a beta of 0.67. 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 Corporation has a 12 month low of $112.27 and a 12 month high of $161.26.

RTX (NYSE:RTX) last issued 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. 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 business’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 predict that RTX Corporation will post 6.11 EPS for the current 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 paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 15th. RTX’s dividend payout ratio is currently 59.78%.

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.