Zions Bancorporation National Association UT Sells 3,607 Shares of RTX Corporation $RTX

Zions Bancorporation National Association UT reduced its stake in RTX Corporation (NYSE:RTX) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,957 shares of the company’s stock after selling 3,607 shares during the period. Zions Bancorporation National Association UT’s holdings in RTX were worth $5,250,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. PFS Partners LLC increased its stake in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in RTX in the 2nd quarter worth $29,000. Access Investment Management LLC bought a new stake in RTX in the 2nd quarter worth $31,000. Summit Securities Group LLC purchased a new position in shares of RTX in the first quarter valued at about $40,000. Finally, Briaud Financial Planning Inc boosted its holdings 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 period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Up 1.1%

NYSE RTX opened at $177.01 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 twelve month low of $112.27 and a twelve month high of $181.31. The firm has a market capitalization of $237.33 billion, a PE ratio of 36.35, a P/E/G ratio of 2.79 and a beta of 0.64. The stock’s 50 day moving average is $164.99 and its 200 day moving average is $151.37.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) 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 the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior 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 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. Investors of record on Friday, November 21st will be given 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 of this dividend is Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RTX. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research note on Monday, July 21st. Robert W. Baird set a $203.00 target price on RTX in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price objective (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the transaction, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The SEC filing for this sale provides additional information. Insiders sold a total of 38,471 shares of company stock valued at $6,210,875 in the last three months. Company insiders own 0.15% of the company’s stock.

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.