RTX Corporation $RTX Shares Bought by Vident Advisory LLC

Vident Advisory LLC boosted its stake in shares of RTX Corporation (NYSE:RTX) by 144.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 574,551 shares of the company’s stock after buying an additional 339,900 shares during the period. RTX accounts for 1.1% of Vident Advisory LLC’s investment portfolio, making the stock its 16th largest position. Vident Advisory LLC’s holdings in RTX were worth $76,105,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the period. Voleon Capital Management LP purchased a new stake in shares of RTX in the 4th quarter valued at $227,000. Kapitalo Investimentos Ltda purchased a new stake in shares of RTX in the 4th quarter valued at $103,000. Finally, Rehmann Capital Advisory Group raised its holdings in shares of RTX by 91.5% in the 4th quarter. Rehmann Capital Advisory Group now owns 16,973 shares of the company’s stock valued at $1,964,000 after buying an additional 8,112 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.6%

NYSE:RTX opened at $160.76 on Friday. The stock has a 50-day simple moving average of $151.96 and a 200-day simple moving average of $138.18. The stock has a market cap of $215.18 billion, a P/E ratio of 35.33, a P/E/G ratio of 2.95 and a beta of 0.69. RTX Corporation has a 1 year low of $112.27 and a 1 year 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.

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

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 15th will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. RTX’s dividend payout ratio is 59.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Benchmark upgraded RTX from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Wednesday, May 14th. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Sanford C. Bernstein set a $154.00 price target on RTX and gave the stock a “market perform” rating in a report on Friday, July 11th. Cowen restated a “buy” rating on shares of RTX in a report on Friday, May 23rd. Finally, Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $158.67.

Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction dated 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 directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,557 shares of company stock worth $11,275,816. 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.