Bank of Montreal Can Decreases Position in RTX Corporation $RTX

Bank of Montreal Can decreased its stake in RTX Corporation (NYSE:RTX) by 37.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,040,288 shares of the company’s stock after selling 632,245 shares during the period. Bank of Montreal Can owned approximately 0.08% of RTX worth $150,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Cornerstone Advisory LLC boosted its position in shares of RTX by 0.9% in the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after buying an additional 64 shares during the period. Briaud Financial Planning Inc boosted its holdings in RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Gries Financial LLC boosted its holdings in RTX by 0.7% in the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after purchasing an additional 69 shares during the last quarter. M3 Advisory Group LLC boosted its holdings in RTX by 2.7% in the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock valued at $384,000 after purchasing an additional 69 shares during the last quarter. Finally, Aurdan Capital Management LLC boosted its holdings in RTX by 2.3% in the second quarter. Aurdan Capital Management LLC now owns 3,012 shares of the company’s stock valued at $440,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred 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 sale, the insider owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 38,471 shares of company stock worth $6,210,875. 0.15% of the stock is currently owned by company insiders.

RTX Trading Down 0.9%

NYSE:RTX opened at $176.90 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $163.73 and its two-hundred day moving average is $150.09. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31. The company has a market cap of $237.19 billion, a PE ratio of 36.33, a P/E/G ratio of 2.79 and a beta of 0.66.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $21.26 billion. During the same quarter last year, the business posted $1.45 EPS. RTX’s quarterly 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. On average, analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio is presently 55.85%.

Wall Street Analyst Weigh In

RTX has been the subject of a number of analyst reports. Robert W. Baird set a $203.00 price target on RTX in a report on Wednesday, October 22nd. Sanford C. Bernstein increased their price target on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. JPMorgan Chase & Co. increased their price target on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.47.

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.