RTX Corporation $RTX Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 0.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,419,625 shares of the company’s stock after selling 18,542 shares during the period. PNC Financial Services Group Inc.’s holdings in RTX were worth $353,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. PFS Partners LLC grew its stake in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in RTX during the second quarter worth about $29,000. Access Investment Management LLC purchased a new stake in shares of RTX in the second quarter valued at about $31,000. BOK Financial Private Wealth Inc. lifted its holdings in shares of RTX by 45.3% in the second quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock valued at $37,000 after purchasing an additional 78 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of RTX in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on RTX. Barclays upped their target price on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Sanford C. Bernstein raised their target price on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. 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 report on Wednesday, October 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Finally, Susquehanna lifted their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $178.47.

RTX Price Performance

RTX stock opened at $179.15 on Wednesday. The company has a market cap of $240.20 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $165.82 and a two-hundred day moving average price of $152.37. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the prior year, the company 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 predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

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

Insiders Place Their Bets

In related news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.15% of the stock is currently owned by corporate insiders.

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.