Tiemann Investment Advisors LLC Sells 123 Shares of RTX Corporation $RTX

Tiemann Investment Advisors LLC decreased its stake in RTX Corporation (NYSE:RTX) by 1.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,666 shares of the company’s stock after selling 123 shares during the period. Tiemann Investment Advisors LLC’s holdings in RTX were worth $1,015,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new position in RTX during the 1st quarter worth approximately $26,000. 10Elms LLP acquired a new position in shares of RTX during the fourth quarter worth approximately $29,000. Greenline Partners LLC acquired a new position in shares of RTX during the fourth quarter valued at about $34,000. Summit Securities Group LLC bought a new stake in RTX during the 1st quarter worth approximately $40,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in RTX in the 1st quarter valued at $44,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 47,589 shares of company stock worth $7,126,389. 0.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on RTX shares. UBS Group raised their price objective on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Citigroup upped their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Susquehanna lifted their price target on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Finally, Cowen reiterated a “buy” rating on shares of RTX in a report on Friday, May 23rd. Three 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. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $158.67.

RTX Price Performance

Shares of RTX stock opened at $156.6560 on Thursday. The firm has a market cap of $209.69 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 2.83 and a beta of 0.69. The company’s fifty day simple moving average is $150.44 and its two-hundred day simple moving average is $136.97. 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 $158.79.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the previous year, the business earned $1.41 EPS. RTX’s 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 analysts expect that RTX Corporation will post 6.11 EPS for the current 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 yield of 1.7%. RTX’s dividend payout ratio (DPR) is currently 59.78%.

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.