RTX Corporation $RTX Shares Sold by Hendershot Investments Inc.

Hendershot Investments Inc. cut its stake in shares of RTX Corporation (NYSE:RTX) by 13.6% in the 2nd quarter, Holdings Channel reports. The firm owned 88,647 shares of the company’s stock after selling 13,964 shares during the quarter. RTX comprises approximately 1.7% of Hendershot Investments Inc.’s holdings, making the stock its 18th biggest position. Hendershot Investments Inc.’s holdings in RTX were worth $12,944,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Cornerstone Advisory LLC grew its stake in RTX by 0.9% during the 2nd quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after buying an additional 64 shares during the last quarter. Briaud Financial Planning Inc lifted its stake in RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. Hudock Inc. boosted its holdings in shares of RTX by 1.3% during the second quarter. Hudock Inc. now owns 5,346 shares of the company’s stock valued at $781,000 after acquiring an additional 68 shares during the period. Gries Financial LLC grew its position in shares of RTX by 0.7% during the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after acquiring an additional 69 shares during the last quarter. Finally, M3 Advisory Group LLC grew its position in shares of RTX by 2.7% during the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RTX. Susquehanna lifted their price objective on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. Wall Street Zen upgraded RTX from a “buy” rating to a “strong-buy” rating in a research report on Saturday. The Goldman Sachs Group increased their price objective on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, Bank of America lifted their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $181.00.

RTX Price Performance

Shares of NYSE:RTX opened at $171.16 on Friday. The stock has a market cap of $229.49 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.68 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 Corporation has a 12 month low of $112.27 and a 12 month high of $181.31. The stock’s 50 day moving average price is $171.08 and its 200 day moving average price is $157.42.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (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 company had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same period last year, the firm earned $1.45 EPS. The firm’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. Equities research analysts anticipate 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 will be paid on Thursday, December 11th. Shareholders 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 payout ratio is 55.85%.

Insider Buying and Selling

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

RTX 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.