Heartland Bank & Trust Co Reduces Holdings in RTX Corporation $RTX

Heartland Bank & Trust Co trimmed its stake in RTX Corporation (NYSE:RTX) by 60.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,190 shares of the company’s stock after selling 7,874 shares during the period. Heartland Bank & Trust Co’s holdings in RTX were worth $758,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Gries Financial LLC lifted its position in shares of RTX by 0.7% in the 2nd 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. M3 Advisory Group LLC lifted its position in RTX by 2.7% during the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock valued at $384,000 after acquiring an additional 69 shares during the period. TrueWealth Advisors LLC lifted its position in RTX by 3.6% during the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock valued at $293,000 after acquiring an additional 70 shares during the period. RMR Wealth Builders lifted its position in RTX by 3.6% during the 2nd quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock valued at $297,000 after acquiring an additional 70 shares during the period. Finally, Verum Partners LLC lifted its position in RTX by 1.8% during the 2nd quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock valued at $598,000 after acquiring an additional 73 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RTX. UBS Group lifted their price target on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Citigroup raised their target price on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Susquehanna raised their target price on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Finally, The Goldman Sachs Group raised their target price on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average price target of $164.13.

Insider Buying and Selling

In other RTX news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last ninety days. Company insiders own 0.15% of the company’s stock.

RTX Trading Up 0.7%

NYSE RTX opened at $158.83 on Tuesday. The company’s 50-day simple moving average is $159.02 and its two-hundred day simple moving average is $145.30. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a one year low of $112.27 and a one year high of $170.85. The company has a market capitalization of $212.59 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66.

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

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.