RTX Corporation $RTX Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC trimmed its holdings in shares of RTX Corporation (NYSE:RTX) by 31.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,322 shares of the company’s stock after selling 24,412 shares during the period. Advisory Services Network LLC’s holdings in RTX were worth $8,402,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Asset Dedication LLC raised its position in shares of RTX by 1.3% during the second quarter. Asset Dedication LLC now owns 21,706 shares of the company’s stock worth $3,169,000 after purchasing an additional 276 shares during the period. Tyler Stone Wealth Management increased its stake in RTX by 7.0% in the 2nd quarter. Tyler Stone Wealth Management now owns 5,022 shares of the company’s stock worth $733,000 after purchasing an additional 328 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in RTX by 39.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 23,065 shares of the company’s stock worth $3,368,000 after buying an additional 6,532 shares during the period. Hollencrest Capital Management raised its holdings in RTX by 22.0% during the 2nd quarter. Hollencrest Capital Management now owns 611 shares of the company’s stock worth $89,000 after buying an additional 110 shares during the period. Finally, Rexford Capital Inc. purchased a new stake in RTX during the second quarter valued at about $1,500,000. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Robert W. Baird set a $203.00 price objective on shares of RTX in a research report on Wednesday, October 22nd. Sanford C. Bernstein increased their target price on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. UBS Group raised their target price on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, BNP Paribas raised RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $182.71.

RTX Trading Up 0.7%

RTX stock opened at $178.59 on Monday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $181.31. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The stock has a market cap of $239.45 billion, a P/E ratio of 36.67, a P/E/G ratio of 2.83 and a beta of 0.44. The company’s fifty day simple moving average is $171.92 and its 200-day simple moving average is $159.18.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The business’s revenue for the quarter 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 fiscal year.

RTX Dividend Announcement

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

About RTX

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.