RTX Corporation $RTX Stake Increased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its holdings in shares of RTX Corporation (NYSE:RTX) by 14.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,408 shares of the company’s stock after purchasing an additional 2,092 shares during the quarter. Parkside Financial Bank & Trust’s holdings in RTX were worth $2,396,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the period. Stonebrook Private Inc. lifted its position in RTX by 24.3% in the 1st quarter. Stonebrook Private Inc. now owns 2,537 shares of the company’s stock worth $336,000 after buying an additional 496 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of RTX during the 1st quarter valued at $477,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of RTX during the 1st quarter valued at $50,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RTX has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research report on Friday, October 31st. Citigroup raised their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $195.00 price target on shares of RTX in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $178.47.

RTX Stock Up 1.1%

RTX opened at $177.01 on Friday. The firm has a market cap of $237.33 billion, a P/E ratio of 36.35, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. 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 business has a 50 day moving average price of $164.99 and a 200 day moving average price of $151.11. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. RTX’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio is 55.85%.

Insider Activity

In other RTX 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 sale, the executive vice president 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 filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 38,471 shares of company stock valued at $6,210,875. 0.15% of the stock is owned by insiders.

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.