Atria Investments Inc Sells 11,018 Shares of RTX Corporation $RTX

Atria Investments Inc reduced its holdings in RTX Corporation (NYSE:RTX) by 12.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,128 shares of the company’s stock after selling 11,018 shares during the quarter. Atria Investments Inc’s holdings in RTX were worth $11,700,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Savvy Advisors Inc. lifted its holdings in shares of RTX by 15.4% in the second quarter. Savvy Advisors Inc. now owns 11,832 shares of the company’s stock valued at $1,728,000 after purchasing an additional 1,582 shares in the last quarter. Live Oak Private Wealth LLC grew its holdings in RTX by 2.3% during the second quarter. Live Oak Private Wealth LLC now owns 71,795 shares of the company’s stock worth $10,483,000 after purchasing an additional 1,580 shares during the period. Assetmark Inc. grew its holdings in RTX by 25.5% during the second quarter. Assetmark Inc. now owns 227,537 shares of the company’s stock worth $33,225,000 after purchasing an additional 46,211 shares during the period. World Investment Advisors grew its holdings in RTX by 4.9% during the second quarter. World Investment Advisors now owns 55,911 shares of the company’s stock worth $8,164,000 after purchasing an additional 2,600 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its holdings in shares of RTX by 0.6% during the second quarter. Flagship Harbor Advisors LLC now owns 23,867 shares of the company’s stock worth $3,485,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.4%

NYSE:RTX opened at $177.15 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The firm has a market cap of $237.52 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31. The firm has a 50-day moving average price of $162.87 and a two-hundred day moving average price of $149.12.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the prior year, the firm earned $1.45 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is 55.85%.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Barclays boosted their price objective on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Sanford C. Bernstein upped their price target on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $178.47.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value 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 $2,551,798.40. This trade represents a 31.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 51,318 shares of company stock valued at $8,238,388 in the last quarter. 0.15% of the stock is currently owned by company insiders.

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.