Cerity Partners LLC Sells 6,928 Shares of RTX Corporation $RTX

Cerity Partners LLC cut its stake in RTX Corporation (NYSE:RTXFree Report) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,127,670 shares of the company’s stock after selling 6,928 shares during the quarter. Cerity Partners LLC owned about 0.08% of RTX worth $188,692,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on RTX shares. Citigroup assumed coverage on shares of RTX in a research note on Thursday, December 11th. They issued a “buy” rating and a $211.00 target price for the company. JPMorgan Chase & Co. boosted their price target on RTX from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. BNP Paribas upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Morgan Stanley set a $215.00 target price on RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, BNP Paribas Exane began coverage on shares of RTX in a report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $184.47.

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Key RTX News

Here are the key news stories impacting RTX this week:

RTX Trading Up 1.1%

RTX opened at $190.33 on Wednesday. The business has a fifty day moving average price of $177.62 and a 200 day moving average price of $164.29. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $190.71. The stock has a market capitalization of $255.19 billion, a price-to-earnings ratio of 39.08, a PEG ratio of 2.74 and a beta of 0.44.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The firm’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. Sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 21st were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Insiders Place Their Bets

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’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 completion of the sale, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

RTX Company Profile

(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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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