RTX Corporation $RTX Shares Sold by Pitcairn Co.

Pitcairn Co. lowered its stake in RTX Corporation (NYSE:RTX) by 18.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,782 shares of the company’s stock after selling 7,108 shares during the quarter. Pitcairn Co.’s holdings in RTX were worth $4,641,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PFS Partners LLC raised its stake in shares of RTX by 101.1% during 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 during the period. LFA Lugano Financial Advisors SA acquired a new stake in RTX during the 2nd quarter valued at $29,000. Access Investment Management LLC purchased a new stake in RTX during the 2nd quarter worth $31,000. BOK Financial Private Wealth Inc. lifted its holdings in RTX by 45.3% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after buying an additional 78 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in RTX in the 1st quarter worth $40,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research note on Friday, October 31st. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday. UBS Group upped their target price on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group reissued a “hold” rating and set a $190.00 price target on shares of RTX in a research report on Tuesday, November 25th. Finally, Citigroup assumed coverage on shares of RTX in a research note on Thursday. They issued a “buy” rating and a $211.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $182.71.

Insider Buying and Selling

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred on Friday, October 24th. The stock was 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. 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 available at this link. 0.15% of the stock is currently owned by insiders.

RTX Stock Performance

RTX stock opened at $178.59 on Friday. The stock’s 50 day simple moving average is $171.92 and its 200 day simple moving average is $159.00. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31. The firm has a market cap of $239.45 billion, a P/E ratio of 36.67, a P/E/G ratio of 2.79 and a beta of 0.44. 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 released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The firm had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

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