RTX Corporation $RTX Stock Sold by Everett Harris & Co. CA

Everett Harris & Co. CA lowered its position in shares of RTX Corporation (NYSE:RTX) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,151 shares of the company’s stock after selling 7,907 shares during the quarter. Everett Harris & Co. CA’s holdings in RTX were worth $18,036,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RTX. Harbour Trust & Investment Management Co raised its position in RTX by 0.8% during the third quarter. Harbour Trust & Investment Management Co now owns 102,612 shares of the company’s stock worth $19,050,000 after acquiring an additional 792 shares in the last quarter. Choreo LLC lifted its position in RTX by 0.6% during the third quarter. Choreo LLC now owns 100,742 shares of the company’s stock worth $18,703,000 after acquiring an additional 555 shares during the last quarter. Interchange Capital Partners LLC lifted its holdings in RTX by 2.6% during the 3rd quarter. Interchange Capital Partners LLC now owns 13,147 shares of the company’s stock worth $2,441,000 after purchasing an additional 331 shares during the last quarter. Fonville Wealth Management LLC boosted its position in shares of RTX by 8.3% in the third quarter. Fonville Wealth Management LLC now owns 9,271 shares of the company’s stock valued at $1,721,000 after acquiring an additional 708 shares during the period. Finally, Elwood & Goetz Wealth Advisory Group LLC boosted its holdings in RTX by 12.3% in the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 2,069 shares of the company’s stock valued at $384,000 after purchasing an additional 227 shares during the period. Institutional investors own 86.50% of the company’s stock.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Quarterly dividend declared: RTX’s board approved a cash dividend of $0.73 per share, reinforcing the company’s shareholder-return commitment. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Raised outlook and strong operating momentum: Recent coverage highlights RTX’s third-quarter revenue and earnings beat, higher guidance, record backlogs, and signs of recovery in commercial aerospace demand. Those factors have strengthened the valuation case, with one analysis estimating the stock could be approximately 14% undervalued. RTX Could Be 14% Undervalued As Raised Guidance Lifts The Valuation Case
• Positive Sentiment: Long-term Collins Aerospace contract: Air Europa extended its exclusive Boeing 787 nacelle maintenance agreement with RTX’s Collins Aerospace through 2037. The renewal provides longer-term service visibility and supports recurring aftermarket revenue. Air Europa Extends Exclusive Boeing 787 Nacelle Maintenance Agreement
• Neutral Sentiment: Analyst sentiment remains favorable: Coverage points to an average brokerage recommendation equivalent to “Buy,” although investors should recognize that analyst ratings can be overly optimistic and do not guarantee future performance. Is It Worth Investing in RTX Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Reports about NVIDIA GeForce RTX graphics cards, RTX Spark laptops, gaming PCs, and related pricing or software issues refer to NVIDIA products—not RTX Corporation—and are unlikely to affect RTX stock.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $199.99 on Friday. RTX Corporation has a fifty-two week low of $166.74 and a fifty-two week high of $226.88. The company has a 50 day simple moving average of $195.06 and a two-hundred day simple moving average of $195.52. The company has a market capitalization of $269.87 billion, a PE ratio of 32.47, a P/E/G ratio of 2.19 and a beta of 0.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same quarter in the previous year, the business earned $1.70 earnings per share. RTX’s revenue for the quarter was up 11.1% on a year-over-year basis. Research analysts anticipate that RTX Corporation will post 7.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RTX. JPMorgan Chase & Co. increased their target price on RTX from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft cut shares of RTX from a “buy” rating to a “hold” rating and set a $208.00 price objective for the company. in a research report on Tuesday, October 13th. Rothschild & Co Redburn increased their price target on shares of RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Barclays lifted their target price on RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, Sanford C. Bernstein lowered their price target on shares of RTX from $223.00 to $214.00 and set a “market perform” rating for the company in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.86.

RTX Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.