Kesler Norman & Wride LLC Sells 3,258 Shares of RTX Corporation $RTX

Kesler Norman & Wride LLC reduced its stake in RTX Corporation (NYSE:RTXFree Report) by 25.6% during the third quarter, Holdings Channel.com reports. The firm owned 9,483 shares of the company’s stock after selling 3,258 shares during the quarter. Kesler Norman & Wride LLC’s holdings in RTX were worth $1,587,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of RTX. PFS Partners LLC raised its stake in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in RTX in the 2nd quarter worth approximately $29,000. Access Investment Management LLC purchased a new stake in RTX in the 2nd quarter worth approximately $31,000. SOA Wealth Advisors LLC. raised its stake in RTX by 57.4% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after acquiring an additional 70 shares during the period. Finally, Clayton Financial Group LLC purchased a new position in RTX during the third quarter valued at approximately $36,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RTX shares. UBS Group downgraded shares of RTX from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $202.00 to $199.00 in a research report on Monday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on RTX from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Citigroup assumed coverage on RTX in a research note on Thursday, December 11th. They set a “buy” rating and a $211.00 target price on the stock. Finally, Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $184.47.

Get Our Latest Stock Analysis on RTX

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

RTX Trading Up 0.7%

Shares of NYSE RTX opened at $188.40 on Friday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $196.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The company has a market cap of $252.61 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 2.72 and a beta of 0.44. The business’s 50 day moving average price is $178.20 and its 200-day moving average price is $164.90.

RTX (NYSE:RTXGet Free Report) last posted its quarterly 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. The firm had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Shareholders of record on Friday, November 21st were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio (DPR) is presently 55.85%.

Insiders Place Their Bets

In other RTX 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 transaction of $873,547.35. Following the completion of the sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.15% of the stock is currently owned by company insiders.

RTX Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTXFree Report).

Institutional Ownership by Quarter for RTX (NYSE:RTX)

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.