RTX Corporation $RTX Shares Sold by Trek Financial LLC

Trek Financial LLC decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 83.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,524 shares of the company’s stock after selling 7,937 shares during the quarter. Trek Financial LLC’s holdings in RTX were worth $223,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cornerstone Advisory LLC lifted its position 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 acquiring an additional 64 shares during the period. Briaud Financial Planning Inc raised its stake in shares of RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Hudock Inc. raised its stake in shares of RTX by 1.3% during the second quarter. Hudock Inc. now owns 5,346 shares of the company’s stock worth $781,000 after purchasing an additional 68 shares during the last quarter. Gries Financial LLC lifted its holdings 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 purchasing an additional 69 shares during the period. Finally, M3 Advisory Group LLC grew its position in RTX by 2.7% in the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock valued at $384,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BNP Paribas raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 target price on shares of RTX in a report on Tuesday, November 25th. Susquehanna boosted their price target on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. 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. Finally, Bank of America lifted their price objective on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.00.

RTX Stock Performance

Shares of RTX opened at $171.19 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31. The company has a 50-day simple moving average of $170.93 and a 200-day simple moving average of $157.18. The company has a market capitalization of $229.53 billion, a PE ratio of 35.15, a P/E/G ratio of 2.63 and a beta of 0.44.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $21.26 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio (DPR) is presently 55.85%.

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.