Prospera Financial Services Inc Sells 4,877 Shares of RTX Corporation $RTX

Prospera Financial Services Inc lessened its holdings in RTX Corporation (NYSE:RTX) by 6.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 69,784 shares of the company’s stock after selling 4,877 shares during the period. Prospera Financial Services Inc’s holdings in RTX were worth $10,196,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Advisory LLC grew its stake in RTX by 0.9% in the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after purchasing an additional 64 shares during the last quarter. Briaud Financial Planning Inc raised its stake in shares of RTX by 25.4% during the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Gries Financial LLC lifted its position in RTX by 0.7% during the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after acquiring an additional 69 shares during the last quarter. M3 Advisory Group LLC boosted its stake in RTX by 2.7% in the second 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 in the last quarter. Finally, Aurdan Capital Management LLC grew its holdings in RTX by 2.3% in the second quarter. Aurdan Capital Management LLC now owns 3,012 shares of the company’s stock worth $440,000 after purchasing an additional 69 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was 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 represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,471 shares of company stock worth $6,210,875 over the last quarter. 0.15% of the stock is currently owned by corporate insiders.

RTX Stock Performance

NYSE RTX opened at $177.01 on Friday. The stock has a market capitalization of $237.33 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 2.79 and a beta of 0.64. The stock has a 50-day moving average of $164.99 and a 200 day moving average of $151.11. The company has a current ratio of 1.07, a quick ratio of 0.81 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.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on RTX. Bank of America raised their price objective on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. UBS Group boosted their target price on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley set a $215.00 price objective on shares of RTX and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $195.00 target price on shares of RTX in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $178.47.

About RTX

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.