Hills Bank & Trust Co Has $969,000 Stake in RTX Corporation $RTX

Hills Bank & Trust Co boosted its stake in RTX Corporation (NYSE:RTX) by 46.0% in the second quarter, HoldingsChannel.com reports. The firm owned 6,639 shares of the company’s stock after buying an additional 2,092 shares during the period. Hills Bank & Trust Co’s holdings in RTX were worth $969,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brookwood Investment Group LLC acquired a new stake in RTX during the 1st quarter worth about $1,288,000. LBP AM SA grew its holdings in RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after acquiring an additional 41,990 shares during the period. Arizona State Retirement System grew its holdings in RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after acquiring an additional 5,356 shares during the period. Redwood Financial Network Corp acquired a new stake in RTX during the 1st quarter worth about $243,000. Finally, Zuckerman Investment Group LLC grew its holdings in RTX by 54.1% during the 1st quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock worth $767,000 after acquiring an additional 2,033 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the firm’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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 51,318 shares of company stock worth $8,238,388 in the last quarter. 0.15% of the stock is owned by insiders.

RTX Price Performance

Shares of NYSE RTX opened at $178.70 on Friday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31. The stock has a market cap of $239.60 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 2.79 and a beta of 0.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The firm’s 50-day simple moving average is $163.32 and its 200 day simple moving average is $149.61.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $21.26 billion. During the same quarter last year, the firm earned $1.45 EPS. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on RTX shares. Bank of America increased their price target on RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Sanford C. Bernstein increased their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Morgan Stanley set a $215.00 price target on RTX and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Finally, Barclays increased their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Two research 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.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $178.47.

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.