Corient Private Wealth LLC Sells 471,777 Shares of RTX Corporation $RTX

Corient Private Wealth LLC cut its stake in RTX Corporation (NYSE:RTX) by 30.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,055,038 shares of the company’s stock after selling 471,777 shares during the quarter. Corient Private Wealth LLC owned about 0.08% of RTX worth $154,057,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of RTX. Dakota Community Bank & Trust NA increased its position in shares of RTX by 5.8% during the second quarter. Dakota Community Bank & Trust NA now owns 1,489 shares of the company’s stock valued at $217,000 after buying an additional 82 shares during the period. Caldwell Trust Co bought a new stake in RTX during the 2nd quarter valued at approximately $3,250,000. Watts Gwilliam & Co. LLC grew its holdings in shares of RTX by 7.0% during the 2nd quarter. Watts Gwilliam & Co. LLC now owns 1,771 shares of the company’s stock worth $280,000 after acquiring an additional 116 shares during the period. Canal Capital Management LLC raised its position in shares of RTX by 6.2% in the 2nd quarter. Canal Capital Management LLC now owns 4,482 shares of the company’s stock worth $654,000 after acquiring an additional 261 shares in the last quarter. Finally, NWF Advisory Services Inc. purchased a new position in shares of RTX in the 2nd quarter valued at approximately $350,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $178.59 on Monday. The company has a market capitalization of $239.45 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 2.83 and a beta of 0.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. RTX Corporation has a one year low of $112.27 and a one year high of $181.31. The company’s 50-day moving average is $171.92 and its 200 day moving average is $159.18.

RTX (NYSE:RTX) last issued 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 net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the previous year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

Insider Buying and Selling

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Robert W. Baird set a $203.00 price target on RTX in a research note on Wednesday, October 22nd. BNP Paribas raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Citigroup assumed coverage on shares of RTX in a report on Thursday. They issued a “buy” rating and a $211.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.71.

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.