RTX Corporation $RTX Shares Sold by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC reduced its stake in shares of RTX Corporation (NYSE:RTX) by 30.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,845 shares of the company’s stock after selling 811 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in RTX were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PFS Partners LLC lifted its holdings in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares in the last quarter. Access Investment Management LLC purchased a new stake in shares of RTX in the second quarter valued at about $31,000. Summit Securities Group LLC purchased a new stake in RTX in the 1st quarter valued at approximately $40,000. Briaud Financial Planning Inc lifted 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 in the last quarter. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in RTX in the 2nd quarter valued at approximately $47,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RTX. Morgan Stanley set a $215.00 target price on RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. The Goldman Sachs Group upped their target price on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.47.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The SEC filing for this sale provides additional information. Insiders sold a total of 38,471 shares of company stock worth $6,210,875 in the last ninety days. Insiders own 0.15% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $175.67 on Wednesday. The business’s 50-day moving average price is $164.05 and its 200 day moving average price is $150.42. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31. The company has a market capitalization of $235.53 billion, a PE ratio of 36.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66. 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 (NYSE:RTX) last announced its quarterly earnings data 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 for 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%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

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.