Strategic Financial Services Inc. Sells 662 Shares of RTX Corporation $RTX

Strategic Financial Services Inc. decreased its position in RTX Corporation (NYSE:RTX) by 22.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,309 shares of the company’s stock after selling 662 shares during the quarter. Strategic Financial Services Inc.’s holdings in RTX were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in RTX in the 1st quarter worth approximately $26,000. 10Elms LLP bought a new stake in RTX in the fourth quarter valued at approximately $29,000. Summit Securities Group LLC bought a new stake in RTX in the first quarter valued at approximately $40,000. McClarren Financial Advisors Inc. bought a new stake in RTX in the first quarter valued at approximately $44,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in RTX in the fourth quarter valued at approximately $43,000. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Barclays boosted their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Sanford C. Bernstein boosted their price objective on RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a research report on Wednesday. Morgan Stanley boosted their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Citigroup boosted their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

Insider Buying and Selling

In related news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock valued at $8,947,010 over the last 90 days. 0.15% of the stock is currently owned by company insiders.

RTX Price Performance

Shares of RTX stock opened at $154.88 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a market cap of $207.32 billion, a PE ratio of 34.04, a P/E/G ratio of 2.80 and a beta of 0.67. The business has a 50 day moving average of $154.20 and a 200 day moving average of $140.15. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $161.26.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. RTX’s dividend payout ratio is presently 59.78%.

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.