Sterling Financial Planning Inc. Sells 7,415 Shares of RTX Corporation $RTX

Sterling Financial Planning Inc. decreased its position in shares of RTX Corporation (NYSE:RTXFree Report) by 58.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,242 shares of the company’s stock after selling 7,415 shares during the quarter. Sterling Financial Planning Inc.’s holdings in RTX were worth $877,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RTX. PFS Partners LLC boosted its position in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. SOA Wealth Advisors LLC. increased its position in shares of RTX by 57.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after buying an additional 70 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in RTX during the 2nd quarter worth $29,000. Access Investment Management LLC bought a new position in RTX during the second quarter worth about $31,000. Finally, Clayton Financial Group LLC acquired a new position in RTX in the third quarter valued at about $36,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the sale, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research report on Monday, December 29th. BNP Paribas Exane initiated coverage on RTX in a research note on Tuesday, November 18th. They set an “outperform” rating and a $210.00 target price for the company. Robert W. Baird set a $203.00 target price on shares of RTX in a report on Wednesday, October 22nd. Citigroup initiated coverage on shares of RTX in a report on Thursday, December 11th. They issued a “buy” rating and a $211.00 price target for the company. Finally, Bank of America increased their price objective on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $184.47.

Check Out Our Latest Analysis on RTX

RTX Trading Up 0.7%

NYSE:RTX opened at $188.40 on Friday. The company has a market cap of $252.61 billion, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 2.72 and a beta of 0.44. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $196.70. The business has a 50 day moving average price of $178.20 and a two-hundred day moving average price of $164.90. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTXGet Free Report) last announced 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. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue for the quarter 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, 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 was paid on Thursday, December 11th. Stockholders of record on Friday, November 21st were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, November 21st. RTX’s dividend payout ratio is currently 55.85%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

About RTX

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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