1ST Source Bank Purchases 403 Shares of RTX Corporation $RTX

1ST Source Bank raised its holdings in shares of RTX Corporation (NYSE:RTX) by 1.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,511 shares of the company’s stock after purchasing an additional 403 shares during the period. 1ST Source Bank’s holdings in RTX were worth $3,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CSM Advisors LLC acquired a new position in shares of RTX in the 2nd quarter valued at approximately $20,455,000. Sound View Wealth Advisors Group LLC raised its holdings in RTX by 15.8% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 43,124 shares of the company’s stock worth $6,297,000 after buying an additional 5,869 shares during the period. Rathbones Group PLC raised its holdings in RTX by 2.6% during the 2nd quarter. Rathbones Group PLC now owns 1,056,105 shares of the company’s stock worth $154,212,000 after buying an additional 26,434 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in RTX by 7.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,574,758 shares of the company’s stock valued at $375,966,000 after buying an additional 174,765 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of RTX by 14.6% in the second quarter. Parkside Financial Bank & Trust now owns 16,408 shares of the company’s stock valued at $2,396,000 after buying an additional 2,092 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the topic of several recent research reports. The Goldman Sachs Group lifted their price target on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. UBS Group increased their price objective on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Robert W. Baird set a $203.00 price target on shares of RTX in a research note on Wednesday, October 22nd. Finally, Citigroup lifted their price objective on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.47.

RTX Trading Up 1.1%

Shares of RTX stock opened at $177.01 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 50-day moving average of $164.99 and a 200-day moving average of $151.37. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31. The stock has a market cap of $237.33 billion, a PE ratio of 36.35, a PEG ratio of 2.79 and a beta of 0.64.

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

RTX Announces Dividend

The business also recently announced 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 is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio is presently 55.85%.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on Tuesday, August 12th. The shares were 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 in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 38,471 shares of company stock valued at $6,210,875. 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.