KMG Fiduciary Partners LLC Purchases 101 Shares of RTX Corporation $RTX

by · The Cerbat Gem

KMG Fiduciary Partners LLC increased its position in RTX Corporation (NYSE:RTX – Free Report) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 64,820 shares of the company’s stock after buying an additional 101 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in RTX were worth $9,465,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signal Advisors Wealth LLC bought a new position in RTX in the 2nd quarter valued at about $648,000. Focus Financial Network Inc. lifted its position in RTX by 8.8% during the second quarter. Focus Financial Network Inc. now owns 7,713 shares of the company’s stock worth $1,126,000 after acquiring an additional 627 shares during the last quarter. Sovran Advisors LLC lifted its position in RTX by 137.5% during the second quarter. Sovran Advisors LLC now owns 4,367 shares of the company’s stock worth $633,000 after acquiring an additional 2,528 shares during the last quarter. Jackson Square Capital LLC lifted its position in RTX by 2.0% during the second quarter. Jackson Square Capital LLC now owns 4,537 shares of the company’s stock worth $662,000 after acquiring an additional 89 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in RTX by 0.4% during the second quarter. Dynamic Advisor Solutions LLC now owns 34,812 shares of the company’s stock worth $5,083,000 after acquiring an additional 155 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling at RTX

In related 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 transaction of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 over the last three months. 0.15% of the stock is currently owned by corporate insiders.

RTX Price Performance

Shares of NYSE:RTX opened at $158.24 on Thursday. The firm has a market cap of $211.81 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. The firm’s fifty day moving average is $155.40 and its 200-day moving average is $141.16. 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 Corporation has a 52 week low of $112.27 and a 52 week high of $161.26.

RTX (NYSE:RTX – Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter last year, the firm earned $1.41 earnings per share. RTX’s quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on RTX shares. Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Barclays raised 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. Morgan Stanley raised their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Cowen reaffirmed a “buy” rating on shares of RTX in a report on Friday, May 23rd. Finally, Susquehanna boosted their price target on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $158.87.

Check Out Our Latest Stock Analysis on RTX

RTX Profile

(Free Report)

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.

Further Reading

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