Citizens & Northern Corp Invests $1.66 Million in RTX Corporation $RTX

Citizens & Northern Corp purchased a new position in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,383 shares of the company’s stock, valued at approximately $1,662,000.

Other institutional investors have also modified their holdings of the company. Jacobsen Capital Management grew its stake in RTX by 3.1% in the 2nd quarter. Jacobsen Capital Management now owns 3,647 shares of the company’s stock worth $533,000 after acquiring an additional 110 shares during the period. D.A. Davidson & CO. lifted its stake in shares of RTX by 21.9% during the 2nd quarter. D.A. Davidson & CO. now owns 956,165 shares of the company’s stock worth $139,619,000 after purchasing an additional 171,731 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of RTX by 11.6% during the second quarter. Cullen Frost Bankers Inc. now owns 119,429 shares of the company’s stock worth $17,439,000 after purchasing an additional 12,411 shares during the last quarter. Fiduciary Family Office LLC grew its position in shares of RTX by 10.0% in the second quarter. Fiduciary Family Office LLC now owns 9,280 shares of the company’s stock valued at $1,355,000 after purchasing an additional 846 shares during the period. Finally, Advantage Trust Co grew its holdings in RTX by 11.1% in the 2nd quarter. Advantage Trust Co now owns 2,847 shares of the company’s stock valued at $416,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 55,173 shares of company stock worth $8,724,406. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RTX shares. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 price objective on shares of RTX in a research note on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Morgan Stanley raised 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, UBS Group boosted their target price on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average target price of $164.13.

RTX Price Performance

Shares of RTX stock opened at $173.00 on Wednesday. The firm has a fifty day moving average of $159.66 and a two-hundred day moving average of $146.50. The firm has a market cap of $231.57 billion, a P/E ratio of 38.02, a P/E/G ratio of 2.98 and a beta of 0.66. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $178.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. The business had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

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.