Gateway Investment Advisers LLC Sells 10,157 Shares of RTX Corporation $RTX

Gateway Investment Advisers LLC reduced its stake in shares of RTX Corporation (NYSE:RTX) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 544,039 shares of the company’s stock after selling 10,157 shares during the quarter. RTX comprises about 0.9% of Gateway Investment Advisers LLC’s portfolio, making the stock its 23rd biggest position. Gateway Investment Advisers LLC’s holdings in RTX were worth $79,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. TrueWealth Advisors LLC grew its stake in shares of RTX by 3.6% during the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock valued at $293,000 after purchasing an additional 70 shares during the last quarter. RMR Wealth Builders grew its stake in shares of RTX by 3.6% during the second quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock valued at $297,000 after purchasing an additional 70 shares during the last quarter. Hamilton Capital LLC grew its stake in shares of RTX by 3.6% during the first quarter. Hamilton Capital LLC now owns 2,122 shares of the company’s stock valued at $281,000 after purchasing an additional 74 shares during the last quarter. Persium Advisors LLC grew its stake in shares of RTX by 1.6% during the second quarter. Persium Advisors LLC now owns 4,935 shares of the company’s stock valued at $721,000 after purchasing an additional 76 shares during the last quarter. Finally, ICW Investment Advisors LLC grew its stake in shares of RTX by 0.6% during the first quarter. ICW Investment Advisors LLC now owns 13,845 shares of the company’s stock valued at $1,834,000 after purchasing an additional 77 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of RTX 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 sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction 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 completion of the sale, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RTX shares. Cowen reissued a “buy” rating on shares of RTX in a research note on Friday, May 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Morgan Stanley increased their price objective on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Bank of America increased their price objective on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group increased their price objective on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Three research 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 currently has an average rating of “Moderate Buy” and an average target price of $158.87.

RTX Price Performance

RTX stock opened at $158.60 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $161.26. The stock has a 50-day moving average price of $155.16 and a two-hundred day moving average price of $141.04. The stock has a market cap of $212.29 billion, a PE ratio of 34.86, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the previous year, the business earned $1.41 EPS. The company’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. Equities analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal 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. This represents a $2.72 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 15th. RTX’s payout ratio 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.