CENTRAL TRUST Co Sells 1,861 Shares of RTX Corporation $RTX

CENTRAL TRUST Co cut its stake in RTX Corporation (NYSE:RTX) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,970 shares of the company’s stock after selling 1,861 shares during the quarter. CENTRAL TRUST Co’s holdings in RTX were worth $15,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. Ellerson Group Inc. ADV grew its position in RTX by 18.6% in the 2nd quarter. Ellerson Group Inc. ADV now owns 33,606 shares of the company’s stock worth $4,907,000 after purchasing an additional 5,280 shares during the period. Vise Technologies Inc. purchased a new position in shares of RTX in the 2nd quarter worth $5,668,000. Allworth Financial LP grew its holdings in shares of RTX by 2.2% in the second quarter. Allworth Financial LP now owns 137,283 shares of the company’s stock worth $20,046,000 after acquiring an additional 2,985 shares during the period. Addison Advisors LLC increased its position in RTX by 5.8% during the second quarter. Addison Advisors LLC now owns 4,768 shares of the company’s stock valued at $696,000 after acquiring an additional 261 shares during the last quarter. Finally, Americana Partners LLC lifted its holdings in RTX by 1.9% in the second quarter. Americana Partners LLC now owns 201,873 shares of the company’s stock valued at $29,477,000 after acquiring an additional 3,683 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RTX shares. The Goldman Sachs Group boosted their price target on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. UBS Group raised their price objective on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Barclays upped their target price on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Finally, Susquehanna boosted their price objective on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

Insider Activity at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred 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 legal filing with the SEC, which is available at this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. 0.15% of the stock is currently owned by company insiders.

RTX Price Performance

NYSE RTX opened at $179.02 on Tuesday. 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 12 month low of $112.27 and a 12 month high of $181.31. The stock has a market cap of $240.03 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.79 and a beta of 0.64. The company’s 50 day moving average is $165.40 and its two-hundred day moving average is $151.99.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same period last year, the firm earned $1.45 EPS. The company’s revenue was up 11.9% on a year-over-year basis. 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 year.

RTX Dividend Announcement

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

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.