Wambolt & Associates LLC Sells 431 Shares of RTX Corporation $RTX

Wambolt & Associates LLC lessened its position in RTX Corporation (NYSE:RTX) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,533 shares of the company’s stock after selling 431 shares during the quarter. Wambolt & Associates LLC’s holdings in RTX were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PFS Partners LLC boosted its holdings in shares of 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 in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in RTX during the 2nd quarter valued at about $29,000. Access Investment Management LLC bought a new stake in RTX during the second quarter worth about $31,000. BOK Financial Private Wealth Inc. grew its holdings in RTX by 45.3% in the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares during the period. Finally, Summit Securities Group LLC bought a new position in shares of RTX during the first quarter valued at approximately $40,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on RTX shares. Robert W. Baird set a $203.00 price target on RTX in a research report on Wednesday, October 22nd. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. The Goldman Sachs Group boosted their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. BNP Paribas raised RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $181.00.

RTX Trading Down 0.5%

RTX stock opened at $172.27 on Wednesday. RTX Corporation has a one year low of $112.27 and a one year high of $181.31. The business’s fifty day moving average is $169.30 and its 200 day moving average is $155.63. The stock has a market capitalization of $230.97 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. 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 (NYSE:RTX) last announced its quarterly earnings results 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. The firm had revenue of $22.48 billion for 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 business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio is presently 55.85%.

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by company insiders.

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.