Pinkerton Wealth LLC Lowers Stake in RTX Corporation $RTX

Pinkerton Wealth LLC lessened its holdings in RTX Corporation (NYSE:RTX) by 1.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,424 shares of the company’s stock after selling 1,008 shares during the quarter. RTX comprises 1.1% of Pinkerton Wealth LLC’s portfolio, making the stock its 19th largest position. Pinkerton Wealth LLC’s holdings in RTX were worth $9,553,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in RTX. PFS Partners LLC boosted its holdings in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in RTX during the 2nd quarter valued at about $29,000. Access Investment Management LLC bought a new stake in RTX during the 2nd quarter valued at about $31,000. BOK Financial Private Wealth Inc. raised its holdings in RTX by 45.3% in the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after buying an additional 78 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of RTX in the first quarter worth approximately $40,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

NYSE:RTX opened at $168.01 on Tuesday. 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 stock has a 50-day simple moving average of $170.40 and a two-hundred day simple moving average of $156.77. The firm has a market capitalization of $225.26 billion, a PE ratio of 34.50, a P/E/G ratio of 2.79 and a beta of 0.64. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating 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 business had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts forecast 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. Investors of record on Friday, November 21st will be given a $0.68 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio (DPR) is currently 55.85%.

Insider Transactions at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value 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. This trade represents a 7.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 price objective on shares of RTX in a research report on Tuesday, November 25th. BNP Paribas Exane started coverage on RTX in a research report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price objective on the stock. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. BNP Paribas raised shares of RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of RTX in a report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $181.00.

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.