Lcnb Corp Has $943,000 Position in RTX Corporation (NYSE:RTX)

Lcnb Corp grew its stake in RTX Corporation (NYSE:RTX) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,117 shares of the company’s stock after purchasing an additional 83 shares during the period. Lcnb Corp’s holdings in RTX were worth $943,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in RTX during the 1st quarter worth approximately $26,000. 10Elms LLP acquired a new stake in RTX during the 4th quarter worth approximately $29,000. Greenline Partners LLC acquired a new stake in RTX during the 4th quarter worth approximately $34,000. Mpwm Advisory Solutions LLC acquired a new stake in RTX during the 4th quarter worth approximately $43,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in RTX during the 1st quarter worth approximately $44,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Susquehanna lifted their target price on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. DZ Bank upgraded shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 target price on the stock in a research report on Friday, April 25th. UBS Group boosted their price target on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $158.67.

Insider Activity

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dantaya M. Williams sold 16,922 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the sale, the executive vice president directly owned 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,935 shares of company stock worth $5,938,488. 0.15% of the stock is owned by insiders.

RTX Stock Performance

NYSE:RTX opened at $154.98 on Friday. The firm has a market capitalization of $207.45 billion, a P/E ratio of 34.06, a P/E/G ratio of 2.87 and a beta of 0.69. The company has a fifty day moving average of $147.87 and a 200-day moving average of $135.39. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $158.79.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the previous year, the business posted $1.41 EPS. RTX’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.8%. RTX’s payout ratio is 59.78%.

RTX 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.