Commonwealth Equity Services LLC Sells 58,510 Shares of RTX Corporation $RTX

Commonwealth Equity Services LLC trimmed its stake in shares of RTX Corporation (NYSE:RTXFree Report) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 935,798 shares of the company’s stock after selling 58,510 shares during the quarter. Commonwealth Equity Services LLC owned about 0.07% of RTX worth $156,587,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RTX. PFS Partners LLC grew its position in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in RTX in the 2nd quarter valued at $29,000. Access Investment Management LLC bought a new position in RTX during the 2nd quarter worth $31,000. SOA Wealth Advisors LLC. increased its position in RTX by 57.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after buying an additional 70 shares during the period. Finally, Clayton Financial Group LLC acquired a new stake in shares of RTX during the third quarter worth $36,000. 86.50% of the stock is owned by institutional investors.

More RTX News

Here are the key news stories impacting RTX this week:

Analysts Set New Price Targets

A number of research firms recently commented on RTX. Robert W. Baird set a $203.00 price target on shares of RTX in a research report on Wednesday, October 22nd. Bank of America lifted their price target on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price target on shares of RTX in a research note on Wednesday, October 8th. BNP Paribas Exane started coverage on RTX in a research note on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price objective on the stock. Finally, Sanford C. Bernstein upped their target price on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $184.18.

Get Our Latest Stock Report on RTX

Insider Buying and Selling at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the sale, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.

RTX Stock Up 2.0%

Shares of NYSE RTX opened at $187.10 on Monday. The company has a market cap of $250.86 billion, a price-to-earnings ratio of 38.42, a PEG ratio of 2.73 and a beta of 0.44. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $188.00. The stock has a 50-day moving average price of $177.21 and a two-hundred day moving average price of $163.69.

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

RTX Dividend Announcement

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

About RTX

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

Further Reading

Institutional Ownership by Quarter for RTX (NYSE:RTX)

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