RTX Corporation $RTX Shares Purchased by Verum Partners LLC

Verum Partners LLC grew its holdings in shares of RTX Corporation (NYSE:RTX) by 1.8% during the second quarter, Holdings Channel reports. The firm owned 4,093 shares of the company’s stock after acquiring an additional 73 shares during the quarter. Verum Partners LLC’s holdings in RTX were worth $598,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of RTX. MorganRosel Wealth Management LLC bought a new position in RTX in the first quarter worth about $26,000. Summit Securities Group LLC acquired a new position in RTX during the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. bought a new position in RTX during the 1st quarter worth $44,000. Capital A Wealth Management LLC acquired a new stake in RTX in the fourth quarter worth $45,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in RTX in the first quarter valued at $50,000. Institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,635 shares of company stock valued at $8,947,010. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

RTX has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. UBS Group raised their price target 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. Citigroup boosted their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research note on Monday, July 21st. Finally, Susquehanna raised their price target on RTX from $160.00 to $175.00 and gave the company a “positive” 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $158.87.

RTX Trading Up 0.6%

NYSE:RTX opened at $160.32 on Wednesday. The stock has a market cap of $214.59 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 2.94 and a beta of 0.67. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $161.40. 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 stock’s 50-day moving average is $156.30 and its two-hundred day moving average is $142.05.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period last year, the company posted $1.41 earnings per share. The firm’s quarterly 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 research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX’s dividend payout ratio (DPR) is presently 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.