Legacy Capital Wealth Partners LLC Trims Holdings in RTX Corporation $RTX

Legacy Capital Wealth Partners LLC decreased its stake in shares of RTX Corporation (NYSE:RTX) by 13.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,849 shares of the company’s stock after selling 621 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in RTX were worth $562,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RTX. Cornerstone Advisory LLC increased its position in shares of RTX by 0.9% during the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after buying an additional 64 shares during the period. Briaud Financial Planning Inc grew its stake in RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. Hudock Inc. grew its stake in RTX by 1.3% during the second quarter. Hudock Inc. now owns 5,346 shares of the company’s stock valued at $781,000 after acquiring an additional 68 shares in the last quarter. Gries Financial LLC increased its holdings in RTX by 0.7% during the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after acquiring an additional 69 shares during the period. Finally, M3 Advisory Group LLC increased its holdings in RTX by 2.7% during the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after acquiring an additional 69 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.0%

RTX opened at $174.96 on Friday. The business’s fifty day simple moving average is $170.24 and its 200 day simple moving average is $156.36. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The stock has a market cap of $234.58 billion, a PE ratio of 35.93, a P/E/G ratio of 2.79 and a beta of 0.64.

RTX (NYSE:RTX) last posted its quarterly earnings data 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. The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Friday, November 21st will be paid 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 1.6%. RTX’s dividend payout ratio is currently 55.85%.

Insider Buying and Selling

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction 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. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is owned by insiders.

Analysts Set New Price Targets

RTX has been the subject of several analyst reports. Susquehanna raised their price target on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. BNP Paribas Exane began coverage on RTX in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective on the stock. Robert W. Baird set a $203.00 price objective on RTX in a research note on Wednesday, October 22nd. The Goldman Sachs Group upped their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.00.

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.