City State Bank Has $1.84 Million Stock Holdings in RTX Corporation $RTX

City State Bank cut its holdings in shares of RTX Corporation (NYSE:RTX) by 6.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,589 shares of the company’s stock after selling 916 shares during the quarter. City State Bank’s holdings in RTX were worth $1,838,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC acquired a new stake in RTX during the 1st quarter worth approximately $26,000. PFS Partners LLC lifted its position in shares of RTX by 101.1% in 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. Summit Securities Group LLC acquired a new position in shares of RTX in the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX in the 1st quarter worth approximately $44,000. Finally, Briaud Financial Planning Inc lifted its position in shares of RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value 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. This represents a 31.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,469 shares of company stock worth $7,364,841. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

NYSE:RTX opened at $178.79 on Friday. The company has a fifty day moving average of $161.09 and a 200-day moving average of $147.55. The firm has a market capitalization of $239.72 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.20 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.07 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 $180.50.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Barclays boosted their price target on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their price objective on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday. Two 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $175.80.

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.