RTX Corporation $RTX Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lessened its stake in shares of RTX Corporation (NYSE:RTX) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 234,550 shares of the company’s stock after selling 3,164 shares during the quarter. Pinnacle Associates Ltd.’s holdings in RTX were worth $34,249,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. PFS Partners LLC grew its holdings in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new stake in RTX during the 1st quarter valued at $40,000. McClarren Financial Advisors Inc. acquired a new stake in RTX during the 1st quarter valued at $44,000. Briaud Financial Planning Inc boosted its holdings in shares of RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in shares of RTX during the second quarter worth $47,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 51,318 shares of company stock valued at $8,238,388. 0.15% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RTX shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price objective on shares of RTX in a report on Wednesday, October 8th. Citigroup raised their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Robert W. Baird set a $203.00 target price on RTX in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Susquehanna increased their target price on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $178.47.

RTX Trading Up 0.4%

NYSE:RTX opened at $177.15 on Friday. The business’s 50-day moving average is $162.87 and its two-hundred day moving average is $149.12. 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 $181.31. The firm has a market capitalization of $237.52 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating 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 last year, the company posted $1.45 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

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

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.