CNB Bank Has $1.74 Million Stake in RTX Corporation $RTX

CNB Bank reduced its position in shares of RTX Corporation (NYSE:RTX) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,897 shares of the company’s stock after selling 185 shares during the quarter. RTX accounts for 0.8% of CNB Bank’s investment portfolio, making the stock its 29th biggest holding. CNB Bank’s holdings in RTX were worth $1,737,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RTX. Vanguard Group Inc. raised its position in RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in RTX by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock valued at $1,371,171,000 after purchasing an additional 104,139 shares during the period. Invesco Ltd. increased its stake in RTX by 1.5% in the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock valued at $1,365,969,000 after purchasing an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in RTX by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after purchasing an additional 65,493 shares during the period. Finally, Nuveen LLC acquired a new position in shares of RTX in the 1st quarter valued at $916,739,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated 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 transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders have sold 46,469 shares of company stock worth $7,364,841 in the last 90 days. Insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on RTX shares. Morgan Stanley set a $215.00 price objective on RTX and gave the stock an “overweight” rating in a research note on Wednesday. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup lifted their price objective 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. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $175.80.

RTX Stock Down 0.4%

Shares of NYSE:RTX opened at $178.79 on Friday. The firm has a market cap 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. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $180.50. The business has a fifty day simple moving average of $161.09 and a 200 day simple moving average of $147.55. 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 (NYSE:RTX) last issued its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the previous year, the company 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. Analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

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.