RTX Corporation $RTX Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. cut its stake in shares of RTX Corporation (NYSE:RTX) by 5.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,885 shares of the company’s stock after selling 1,355 shares during the quarter. Fulton Bank N.A.’s holdings in RTX were worth $3,488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RTX. MorganRosel Wealth Management LLC acquired a new position in shares of RTX during the first quarter worth about $26,000. 10Elms LLP acquired a new position in shares of RTX during the fourth quarter worth about $29,000. Summit Securities Group LLC acquired a new position in shares of RTX during the first quarter worth about $40,000. Mpwm Advisory Solutions LLC acquired a new position in shares of RTX during the fourth quarter worth about $43,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of RTX during the first quarter worth about $44,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of analyst reports. Citigroup boosted their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research report on Monday, July 21st. The Goldman Sachs Group boosted their target price on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Finally, Susquehanna boosted their target price on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.87.

RTX Trading Down 0.2%

NYSE:RTX opened at $158.24 on Thursday. The firm has a market cap of $211.81 billion, a P/E ratio of 34.78, a PEG ratio of 2.92 and a beta of 0.67. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $155.40 and its 200-day simple moving average is $141.16. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $161.26.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 15th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.7%. RTX’s payout ratio is presently 59.78%.

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by company insiders.

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.