RTX Corporation $RTX Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. lessened its position in RTX Corporation (NYSE:RTX) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,453 shares of the company’s stock after selling 920 shares during the quarter. Montag A & Associates Inc.’s holdings in RTX were worth $2,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RTX. Vise Technologies Inc. purchased a new stake in RTX during the second quarter worth about $5,668,000. Allworth Financial LP increased its stake in RTX by 2.2% during the 2nd quarter. Allworth Financial LP now owns 137,283 shares of the company’s stock worth $20,046,000 after buying an additional 2,985 shares during the period. Addison Advisors LLC lifted its holdings in RTX by 5.8% during the 2nd quarter. Addison Advisors LLC now owns 4,768 shares of the company’s stock worth $696,000 after buying an additional 261 shares in the last quarter. Americana Partners LLC boosted its position in RTX by 1.9% in the 2nd quarter. Americana Partners LLC now owns 201,873 shares of the company’s stock valued at $29,477,000 after buying an additional 3,683 shares during the period. Finally, Hughes Financial Services LLC grew its stake in shares of RTX by 48.3% in the second quarter. Hughes Financial Services LLC now owns 749 shares of the company’s stock worth $117,000 after acquiring an additional 244 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred 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 transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale is available in the SEC filing. 0.15% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RTX. Morgan Stanley set a $215.00 price objective on RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Bank of America lifted their price objective on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. boosted their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Barclays raised their target price on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Finally, Susquehanna boosted their price target on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $178.47.

RTX Stock Performance

Shares of RTX stock opened at $179.15 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31. The firm’s 50 day moving average is $165.82 and its two-hundred day moving average is $152.37. The firm has a market capitalization of $240.20 billion, a P/E ratio of 36.79, a P/E/G ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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