RTX Corporation $RTX is Summit Financial Wealth Advisors LLC’s 9th Largest Position

Summit Financial Wealth Advisors LLC decreased its holdings in RTX Corporation (NYSE:RTX) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,915 shares of the company’s stock after selling 4,691 shares during the quarter. RTX accounts for about 2.7% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 9th largest position. Summit Financial Wealth Advisors LLC’s holdings in RTX were worth $15,028,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Dakota Community Bank & Trust NA boosted its stake in shares of RTX by 5.8% during the 2nd quarter. Dakota Community Bank & Trust NA now owns 1,489 shares of the company’s stock worth $217,000 after acquiring an additional 82 shares during the last quarter. Caldwell Trust Co purchased a new stake in shares of RTX in the 2nd quarter worth $3,250,000. Watts Gwilliam & Co. LLC lifted its position in shares of RTX by 7.0% during the 2nd quarter. Watts Gwilliam & Co. LLC now owns 1,771 shares of the company’s stock valued at $280,000 after buying an additional 116 shares in the last quarter. Canal Capital Management LLC increased its holdings in RTX by 6.2% in the 2nd quarter. Canal Capital Management LLC now owns 4,482 shares of the company’s stock worth $654,000 after acquiring an additional 261 shares in the last quarter. Finally, NWF Advisory Services Inc. bought a new stake in RTX during the 2nd quarter worth approximately $350,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on RTX. BNP Paribas upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. BNP Paribas Exane began coverage on shares of RTX in a research note on Tuesday, November 18th. They set an “outperform” rating and a $210.00 target price on the stock. Morgan Stanley set a $215.00 target price on shares of RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Jefferies Financial Group reissued a “hold” rating and set a $190.00 price target on shares of RTX in a report on Tuesday, November 25th. Finally, Sanford C. Bernstein increased their price objective on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $182.71.

RTX Stock Up 0.7%

Shares of RTX opened at $178.59 on Monday. The business’s 50 day simple moving average is $171.92 and its 200-day simple moving average is $159.18. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. The stock has a market capitalization of $239.45 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 2.83 and a beta of 0.44. 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 (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the prior year, the firm earned $1.45 earnings per share. RTX’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. As a group, equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio (DPR) is presently 55.85%.

Insider Buying and Selling

In other RTX 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 stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.15% of the company’s stock.

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.