Pioneer Trust Bank N A OR Sells 339 Shares of RTX Corporation $RTX

Pioneer Trust Bank N A OR lessened its stake in RTX Corporation (NYSE:RTX) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,989 shares of the company’s stock after selling 339 shares during the period. RTX comprises 1.6% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 26th biggest holding. Pioneer Trust Bank N A OR’s holdings in RTX were worth $6,131,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advyzon Investment Management LLC lifted its position in shares of RTX by 21.7% in the 2nd quarter. Advyzon Investment Management LLC now owns 2,702 shares of the company’s stock worth $394,000 after acquiring an additional 481 shares during the period. VeraBank N.A. raised its stake in shares of RTX by 66.0% in the second quarter. VeraBank N.A. now owns 15,878 shares of the company’s stock valued at $2,319,000 after purchasing an additional 6,311 shares in the last quarter. Ellerson Group Inc. ADV lifted its position in RTX by 18.6% in the second quarter. Ellerson Group Inc. ADV now owns 33,606 shares of the company’s stock worth $4,907,000 after purchasing an additional 5,280 shares during the period. Vise Technologies Inc. acquired a new stake in RTX during the second quarter worth $5,668,000. Finally, Allworth Financial LP boosted its stake in RTX by 2.2% during the second quarter. Allworth Financial LP now owns 137,283 shares of the company’s stock worth $20,046,000 after buying an additional 2,985 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of RTX stock opened at $179.02 on Tuesday. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The firm’s 50-day moving average price is $165.40 and its two-hundred day moving average price is $151.99. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $240.03 billion, a price-to-earnings ratio of 36.76, a P/E/G ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last released 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. 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 analyst estimates of $21.26 billion. During the same period in the prior year, the company earned $1.45 EPS. RTX’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

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 dividend of $0.68 per share. The ex-dividend date is Friday, November 21st. This represents a $2.72 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio is 55.85%.

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The SEC filing for this sale provides additional information. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price objective on shares of RTX in a report on Wednesday, October 8th. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of RTX in a report on Friday, October 31st. Susquehanna upped their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Finally, Sanford C. Bernstein raised their target price on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

RTX Company Profile

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.