D.A. Davidson & CO. Trims Holdings in RTX Corporation $RTX

D.A. Davidson & CO. reduced its position in shares of RTX Corporation (NYSE:RTX) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 938,501 shares of the company’s stock after selling 17,664 shares during the quarter. RTX accounts for 1.0% of D.A. Davidson & CO.’s holdings, making the stock its 19th largest holding. D.A. Davidson & CO.’s holdings in RTX were worth $157,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Arrow Financial Corp grew its stake in RTX by 0.8% in the 3rd quarter. Arrow Financial Corp now owns 7,334 shares of the company’s stock worth $1,227,000 after acquiring an additional 61 shares during the period. Cornerstone Advisory LLC boosted its holdings in shares of RTX by 0.9% during the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after purchasing an additional 64 shares during the last quarter. Briaud Financial Planning Inc grew its position in shares of RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 65 shares during the period. AssuredPartners Investment Advisors LLC increased its stake in RTX by 2.4% in the third quarter. AssuredPartners Investment Advisors LLC now owns 2,816 shares of the company’s stock valued at $471,000 after purchasing an additional 65 shares during the last quarter. Finally, Vista Investment Partners LLC boosted its stake in RTX by 0.7% in the 3rd quarter. Vista Investment Partners LLC now owns 9,929 shares of the company’s stock worth $1,661,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price objective on shares of RTX in a research note on Wednesday, October 8th. BNP Paribas raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, November 18th. JPMorgan Chase & Co. lifted their price target on shares of RTX from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, December 19th. The Goldman Sachs Group increased their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Citigroup assumed coverage on RTX in a research note on Thursday, December 11th. They issued a “buy” rating and a $211.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $184.00.

RTX Stock Performance

RTX stock opened at $187.10 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. RTX Corporation has a one year low of $112.27 and a one year high of $188.00. The stock’s 50 day moving average price is $177.21 and its 200 day moving average price is $163.69. The firm has a market capitalization of $250.86 billion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 2.73 and a beta of 0.44.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 21st were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, November 21st. RTX’s payout ratio is presently 55.85%.

Insider Activity at RTX

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

About RTX

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.