Moors & Cabot Inc. Sells 1,908 Shares of RTX Corporation $RTX

Moors & Cabot Inc. lessened its position in shares of RTX Corporation (NYSE:RTX) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,772 shares of the company’s stock after selling 1,908 shares during the quarter. RTX comprises about 0.8% of Moors & Cabot Inc.’s investment portfolio, making the stock its 21st largest position. Moors & Cabot Inc.’s holdings in RTX were worth $16,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PFS Partners LLC grew its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the period. Access Investment Management LLC bought a new position in RTX in the second quarter valued at approximately $31,000. Summit Securities Group LLC acquired a new stake in RTX during the 1st quarter worth $40,000. Briaud Financial Planning Inc raised its position in shares of RTX by 25.4% during the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in shares of RTX in the 2nd quarter valued at $47,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RTX has been the subject of a number of recent analyst reports. Sanford C. Bernstein upped their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Susquehanna upped their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Robert W. Baird set a $203.00 price objective on shares of RTX in a research note on Wednesday, October 22nd. Bank of America boosted their price objective on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 target price on shares of RTX in a report on Wednesday, October 8th. 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 stock. According to MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $178.47.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 38,471 shares of company stock worth $6,210,875. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

Shares of RTX stock opened at $175.67 on Wednesday. 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 52 week low of $112.27 and a 52 week high of $181.31. The company’s 50 day moving average price is $164.05 and its two-hundred day moving average price is $150.42. The company has a market capitalization of $235.53 billion, a P/E ratio of 36.07, a price-to-earnings-growth ratio of 2.79 and a beta of 0.66.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Friday, November 21st will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 21st. RTX’s dividend payout ratio is currently 55.85%.

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.