RTX Corporation $RTX Shares Sold by Bigelow Investment Advisors LLC

Bigelow Investment Advisors LLC cut its holdings in shares of RTX Corporation (NYSE:RTX) by 0.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,609 shares of the company’s stock after selling 114 shares during the period. RTX makes up about 1.1% of Bigelow Investment Advisors LLC’s portfolio, making the stock its 24th largest holding. Bigelow Investment Advisors LLC’s holdings in RTX were worth $2,425,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RTX. Bay Capital Advisors LLC purchased a new position in RTX in the 1st quarter valued at about $224,000. Dynamic Advisor Solutions LLC lifted its stake in RTX by 8.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock valued at $4,591,000 after buying an additional 2,686 shares in the last quarter. Brookwood Investment Group LLC purchased a new position in RTX in the 1st quarter valued at about $1,288,000. LBP AM SA lifted its stake 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 in the last quarter. Finally, Arizona State Retirement System lifted its stake in RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after buying an additional 5,356 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Down 0.2%

RTX stock opened at $158.24 on Thursday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $161.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a 50 day moving average price of $155.40 and a 200 day moving average price of $141.16. The company has a market capitalization of $211.81 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were paid a $0.68 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. RTX’s payout ratio is 59.78%.

Analysts Set New Price Targets

RTX has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. JPMorgan Chase & Co. raised their price target on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein raised their target price on shares of RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 10th. Finally, The Goldman Sachs Group raised their target price on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $158.87.

Insiders Place Their Bets

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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the business’s 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 completion of the transaction, the vice president owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,635 shares of company stock valued at $8,947,010. Corporate 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.