Jeppson Wealth Management LLC Has $2.94 Million Stock Position in RTX Corporation $RTX

Jeppson Wealth Management LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 0.6% during the second quarter, Holdings Channel reports. The institutional investor owned 20,158 shares of the company’s stock after purchasing an additional 119 shares during the period. RTX comprises about 1.0% of Jeppson Wealth Management LLC’s portfolio, making the stock its 19th largest holding. Jeppson Wealth Management LLC’s holdings in RTX were worth $2,944,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Bay Capital Advisors LLC acquired a new position in RTX during the 1st quarter worth approximately $224,000. Dynamic Advisor Solutions LLC raised its stake in RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock worth $4,591,000 after buying an additional 2,686 shares during the period. Brookwood Investment Group LLC acquired a new position in RTX during the 1st quarter worth approximately $1,288,000. LBP AM SA raised its stake in RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after buying an additional 41,990 shares during the period. Finally, Arizona State Retirement System raised its stake in RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after buying an additional 5,356 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other RTX 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 completion of the transaction, the vice president directly owned 30,004 shares of the company’s stock, 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 Philip J. Jasper sold 12,847 shares of the 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 transaction, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

RTX has been the topic of a number of research reports. Bank of America upped their price target on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. Citigroup boosted their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. The Goldman Sachs Group boosted their price objective on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Finally, Sanford C. Bernstein boosted their price objective on RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $158.87.

RTX Stock Performance

RTX stock opened at $161.59 on Thursday. The firm has a market cap of $216.30 billion, a PE ratio of 35.51, a P/E/G ratio of 2.96 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. The business has a 50 day moving average of $156.52 and a 200-day moving average of $142.18. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $163.03.

RTX (NYSE:RTX) last released its 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. The company had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.7%. 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.