CNB Bank Sells 185 Shares of RTX Corporation $RTX

CNB Bank trimmed its stake in RTX Corporation (NYSE:RTX) by 1.5% during the 2nd quarter, Holdings Channel reports. The firm owned 11,897 shares of the company’s stock after selling 185 shares during the quarter. RTX comprises approximately 0.8% of CNB Bank’s 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 reporting period.

Other hedge funds have also bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new position in RTX in the 1st quarter worth approximately $26,000. PFS Partners LLC raised its holdings in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the last quarter. Summit Securities Group LLC bought a new stake in RTX in the 1st quarter worth $40,000. McClarren Financial Advisors Inc. purchased a new position in shares of RTX in the first quarter valued at about $44,000. Finally, Briaud Financial Planning Inc boosted its holdings in shares of RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $178.79 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.07. The company has a market capitalization of $239.72 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 3.20 and a beta of 0.66. RTX Corporation has a one year low of $112.27 and a one year high of $180.50. The company’s 50-day moving average is $161.09 and its 200 day moving average is $147.55.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. The firm 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,469 shares of company stock worth $7,364,841. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent analyst reports. Barclays upped their price target on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Citigroup upped their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research note on Monday, July 21st. Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Sanford C. Bernstein upped their target price on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $175.80.

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.