Central Pacific Bank Trust Division Sells 4,378 Shares of RTX Corporation $RTX

Central Pacific Bank Trust Division lowered its holdings in shares of RTX Corporation (NYSE:RTX) by 16.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,864 shares of the company’s stock after selling 4,378 shares during the quarter. Central Pacific Bank Trust Division’s holdings in RTX were worth $4,148,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in RTX. Brighton Jones LLC boosted its holdings in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares during the last quarter. United Bank increased its position in shares of RTX by 68.0% during the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after purchasing an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. lifted its position in RTX by 3.1% in the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after buying an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of RTX during the 2nd quarter worth about $5,157,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent analyst reports. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. TD Cowen upped their target price on shares of RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Citigroup reiterated a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Jefferies Financial Group set a $250.00 price target on RTX in a research report on Sunday, July 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $238.00 price target on shares of RTX in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.59.

Insiders Place Their Bets

In other news, VP Kevin G. Dasilva sold 4,760 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the completion of the sale, the vice president owned 22,349 shares in the company, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the sale, the insider directly owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. This represents a 49.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 15,567 shares of company stock worth $3,304,375. Insiders own 0.10% of the company’s stock.

RTX Stock Performance

RTX stock opened at $217.80 on Wednesday. The firm has a market cap of $293.55 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 2.58 and a beta of 0.29. The firm has a 50-day simple moving average of $192.72 and a two-hundred day simple moving average of $193.48. RTX Corporation has a one year low of $150.61 and a one year high of $221.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. The firm had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities analysts forecast that RTX Corporation will post 7.21 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s payout ratio is currently 51.41%.

About RTX

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.