Hills Bank & Trust Co Has $969,000 Stake in RTX Corporation $RTX

Hills Bank & Trust Co grew its position in RTX Corporation (NYSE:RTX) by 46.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,639 shares of the company’s stock after purchasing an additional 2,092 shares during the quarter. Hills Bank & Trust Co’s holdings in RTX were worth $969,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lifeworks Advisors LLC grew its position in shares of RTX by 134.0% in the second quarter. Lifeworks Advisors LLC now owns 7,444 shares of the company’s stock valued at $1,087,000 after purchasing an additional 4,263 shares during the last quarter. Balentine LLC bought a new stake in shares of RTX in the second quarter valued at approximately $210,000. Hutchinson Financial Advisors INC bought a new stake in shares of RTX in the second quarter valued at approximately $1,192,000. Syverson Strege & Co bought a new stake in shares of RTX in the second quarter valued at approximately $294,000. Finally, AlphaStar Capital Management LLC bought a new stake in shares of RTX in the second quarter valued at approximately $3,598,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price target on shares of RTX in a research note on Wednesday, October 8th. UBS Group boosted their price target on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research note on Friday. Finally, Barclays boosted their price target on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.47.

RTX Stock Up 0.7%

NYSE RTX opened at $178.70 on Friday. The business has a fifty day moving average price of $163.32 and a two-hundred day moving average price of $149.61. 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 Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The stock has a market capitalization of $239.60 billion, a PE ratio of 36.69, a PEG 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 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the prior year, the company earned $1.45 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal 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 issued a dividend of $0.68 per share. The ex-dividend date is Friday, November 21st. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio is 55.85%.

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,318 shares of company stock valued at $8,238,388 over the last three months. 0.15% of the stock is currently owned by corporate 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.