Altrinsic Global Advisors LLC Has $15.47 Million Stake in RTX Corporation $RTX

Altrinsic Global Advisors LLC cut its position in shares of RTX Corporation (NYSE:RTX) by 5.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 116,760 shares of the company’s stock after selling 7,358 shares during the quarter. RTX accounts for about 0.8% of Altrinsic Global Advisors LLC’s portfolio, making the stock its 19th biggest holding. Altrinsic Global Advisors LLC’s holdings in RTX were worth $15,466,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. PKS Advisory Services LLC lifted its position in shares of RTX by 2.4% in the first quarter. PKS Advisory Services LLC now owns 5,932 shares of the company’s stock valued at $786,000 after buying an additional 140 shares during the last quarter. J. Stern & Co. LLP lifted its position in shares of RTX by 9.3% in the first quarter. J. Stern & Co. LLP now owns 364,274 shares of the company’s stock valued at $48,252,000 after buying an additional 30,930 shares during the last quarter. Widmann Financial Services Inc. lifted its position in shares of RTX by 1.0% in the first quarter. Widmann Financial Services Inc. now owns 16,272 shares of the company’s stock valued at $2,155,000 after buying an additional 161 shares during the last quarter. Orion Capital Management LLC lifted its position in shares of RTX by 574.1% in the first quarter. Orion Capital Management LLC now owns 6,337 shares of the company’s stock valued at $839,000 after buying an additional 5,397 shares during the last quarter. Finally, South Plains Financial Inc. lifted its position in shares of RTX by 57.1% in the first quarter. South Plains Financial Inc. now owns 4,916 shares of the company’s stock valued at $651,000 after buying an additional 1,786 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 0.0%

Shares of RTX opened at $156.22 on Tuesday. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $158.79. The business’s fifty day moving average is $151.16 and its 200-day moving average is $137.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market cap of $209.11 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 2.88 and a beta of 0.69.

RTX (NYSE:RTX) last issued its quarterly earnings data 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. The business had revenue of $21.58 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RTX. Benchmark raised RTX from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Wednesday, May 14th. UBS Group raised their price objective on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Cowen restated a “buy” rating on shares of RTX in a research note on Friday, May 23rd. Barclays raised their price objective on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Three 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 company. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price of $158.67.

Insider Transactions at RTX

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the transaction, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,589 shares of company stock valued at $7,126,389. 0.15% of the stock is currently owned by corporate insiders.

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.