Vestmark Advisory Solutions Inc. Cuts Holdings in RTX Corporation $RTX

Vestmark Advisory Solutions Inc. lowered its stake in RTX Corporation (NYSE:RTX) by 29.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,365 shares of the company’s stock after selling 5,900 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in RTX were worth $2,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in RTX. 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 purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares in the last quarter. Alps Advisors Inc. purchased a new position in RTX in the first quarter valued at $477,000. Fortem Financial Group LLC acquired a new stake in RTX in the first quarter valued at $241,000. Finally, TruNorth Capital Management LLC raised its stake in RTX by 108.4% in the first quarter. TruNorth Capital Management LLC now owns 1,505 shares of the company’s stock valued at $199,000 after buying an additional 783 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction 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 approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 38,471 shares of company stock worth $6,210,875. Company insiders own 0.15% of the company’s stock.

RTX Price Performance

RTX stock opened at $177.01 on Monday. The business has a 50 day simple moving average of $164.99 and a 200-day simple moving average of $151.59. The company has a market capitalization of $237.33 billion, a P/E ratio of 36.35, a PEG ratio of 2.79 and a beta of 0.64. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

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

RTX Dividend Announcement

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

Analysts Set New Price Targets

RTX has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Citigroup boosted their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. The Goldman Sachs Group increased their price target on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. Finally, Barclays boosted their price objective on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Two investment 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 company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.47.

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.