PFC Capital Group Inc. Sells 786 Shares of RTX Corporation $RTX

PFC Capital Group Inc. decreased its stake in shares of RTX Corporation (NYSE:RTX) by 13.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,157 shares of the company’s stock after selling 786 shares during the period. PFC Capital Group Inc.’s holdings in RTX were worth $753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in RTX by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock valued at $17,825,353,000 after buying an additional 2,238,247 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of RTX by 9.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock worth $2,330,215,000 after acquiring an additional 1,361,071 shares during the period. Franklin Resources Inc. increased its position in RTX by 1.4% during the second quarter. Franklin Resources Inc. now owns 15,575,867 shares of the company’s stock valued at $2,274,388,000 after acquiring an additional 221,984 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in RTX by 0.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 10,436,351 shares of the company’s stock valued at $1,523,917,000 after acquiring an additional 84,783 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings 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 acquiring an additional 154,544 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 1.8%

RTX opened at $169.62 on Monday. The stock has a market cap of $227.42 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.79 and a beta of 0.64. 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 fifty day moving average is $168.73 and its 200 day moving average is $155.01. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) 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 analyst estimates of $21.26 billion. During the same quarter in the prior year, the business posted $1.45 EPS. RTX’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. On average, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio (DPR) is 55.85%.

Wall Street Analyst Weigh In

RTX has been the topic of several recent research reports. Barclays increased their price target on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. BNP Paribas Exane initiated coverage on RTX in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective for the company. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. BNP Paribas raised RTX to a “strong-buy” rating in a report on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $180.44.

Insider Buying and Selling

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s 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 transaction, the executive vice president directly owned 59,556 shares of the company’s stock, valued at approximately $10,729,013.40. The trade was a 7.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. Additional details regarding this sale are available in the official SEC disclosure. 0.15% of the stock is currently owned by insiders.

About RTX

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.