RTX Corporation $RTX Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. lessened its stake in RTX Corporation (NYSE:RTX) by 4.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,453 shares of the company’s stock after selling 920 shares during the period. Montag A & Associates Inc.’s holdings in RTX were worth $2,987,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in RTX. Cornerstone Advisory LLC increased its holdings in shares of 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 period. Briaud Financial Planning Inc increased its stake in RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after buying an additional 65 shares during the period. Gries Financial LLC increased its stake in RTX by 0.7% in the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after buying an additional 69 shares during the period. M3 Advisory Group LLC raised 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 worth $384,000 after buying an additional 69 shares during the last quarter. Finally, Aurdan Capital Management LLC lifted its stake in shares of RTX by 2.3% in the 2nd quarter. Aurdan Capital Management LLC now owns 3,012 shares of the company’s stock worth $440,000 after acquiring an additional 69 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

NYSE RTX opened at $179.15 on Wednesday. The business has a 50 day moving average price of $165.82 and a 200 day moving average price of $152.37. The company has a market capitalization of $240.20 billion, a P/E ratio of 36.79, a PEG ratio of 2.79 and a beta of 0.64. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the previous year, the business earned $1.45 earnings per share. RTX’s quarterly revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a $0.68 dividend. 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 is presently 55.85%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Morgan Stanley set a $215.00 target price on RTX and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. Finally, Robert W. Baird set a $203.00 price objective on RTX in a research report on Wednesday, October 22nd. Two investment 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 has an average rating of “Moderate Buy” and an average price target of $178.47.

Insider Activity

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction dated 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 owned 59,556 shares in the company, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The SEC filing for this sale provides additional information. Company insiders own 0.15% of the company’s stock.

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.