Kestra Investment Management LLC Reduces Stake in RTX Corporation $RTX

Kestra Investment Management LLC cut its stake in RTX Corporation (NYSE:RTX) by 51.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,542 shares of the company’s stock after selling 5,774 shares during the quarter. Kestra Investment Management LLC’s holdings in RTX were worth $809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFS Partners LLC increased its position in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in RTX in the 2nd quarter valued at about $29,000. Access Investment Management LLC purchased a new stake in shares of RTX in the 2nd quarter valued at approximately $31,000. BOK Financial Private Wealth Inc. increased its holdings in shares of RTX by 45.3% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after buying an additional 78 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of RTX during the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the stock in a transaction 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 sale, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RTX. BNP Paribas upgraded RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $190.00 price target on shares of RTX in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Bank of America upped their target price on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, Citigroup assumed coverage on shares of RTX in a research note on Thursday. They set a “buy” rating and a $211.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.71.

RTX Price Performance

RTX opened at $178.59 on Monday. The stock’s 50-day moving average price is $171.92 and its 200 day moving average price is $159.18. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31. The firm has a market cap of $239.45 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.83 and a beta of 0.44. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating 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 return on equity of 13.28% and a net margin of 7.67%.RTX’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. 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 earnings per share for the current year.

RTX Dividend Announcement

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

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.