RTX Corporation $RTX Stock Sold by Philadelphia Trust Co.

Philadelphia Trust Co. cut its holdings in RTX Corporation (NYSE:RTX) by 7.7% during the third quarter, Holdings Channel reports. The institutional investor owned 194,831 shares of the company’s stock after selling 16,320 shares during the quarter. RTX comprises 2.4% of Philadelphia Trust Co.’s investment portfolio, making the stock its 12th biggest holding. Philadelphia Trust Co.’s holdings in RTX were worth $36,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of RTX. Montz Harcus Wealth Management LLC lifted its holdings in RTX by 3.2% in the second quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company’s stock valued at $311,000 after acquiring an additional 51 shares during the period. IMG Wealth Management Inc. boosted its position in shares of RTX by 5.7% during the 3rd quarter. IMG Wealth Management Inc. now owns 958 shares of the company’s stock worth $178,000 after purchasing an additional 52 shares in the last quarter. Safeguard Investment Advisory Group LLC boosted its position in shares of RTX by 2.4% during the 2nd quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company’s stock worth $430,000 after purchasing an additional 53 shares in the last quarter. Global View Capital Management LLC grew its stake in shares of RTX by 4.0% during the 3rd quarter. Global View Capital Management LLC now owns 1,373 shares of the company’s stock worth $255,000 after purchasing an additional 53 shares during the period. Finally, Investment Research Partners LLC grew its stake in shares of RTX by 2.3% during the 3rd quarter. Investment Research Partners LLC now owns 2,502 shares of the company’s stock worth $464,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In other RTX news, EVP Dantaya Williams sold 9,071 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the completion of the transaction, the executive vice president directly owned 16,930 shares in the company, valued at approximately $3,414,781. This trade represents a 34.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the transaction, the executive vice president 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 position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by corporate insiders.

RTX Stock Up 2.1%

RTX opened at $200.39 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. The company has a market cap of $270.41 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.17 and a beta of 0.30. RTX Corporation has a one year low of $166.74 and a one year high of $226.88. The business’s fifty day moving average is $193.00 and its two-hundred day moving average is $195.54.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The business had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.70 earnings per share. Analysts anticipate that RTX Corporation will post 7.73 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. RTX’s dividend payout ratio is presently 47.40%.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: An outlook piece points to potential margin expansion and cash-flow growth in 2027, suggesting improving profitability could support RTX’s financial performance. RTX sees margin expansion, cash flow growth in 2027
• Positive Sentiment: Raytheon completed a third successful flight test of its DeepStrike JR3 training rocket for the U.S. Army. The milestone advances the program, although it is not itself confirmation of a production award. Raytheon advances Joint Reduced Range Rocket with third successful flight test
• Positive Sentiment: RTX’s Raytheon reportedly plans to increase Tomahawk and AMRAAM missile production substantially by 2030, signaling potential long-term demand and growth opportunities. Tomahawk, AMRAAM missiles could see fourfold production surge by 2030 under RTX plan
• Positive Sentiment: Zacks added RTX to its Rank #1 (Strong Buy) lists, a favorable analyst-screening signal, though such rankings do not guarantee future returns. New Strong Buy Stocks for November 10th
• Neutral Sentiment: A valuation article asks whether RTX’s share price is supported by expected cash generation after substantial three-year gains, highlighting valuation as a consideration alongside recent defense wins. Is RTX Still Near Fair Value After New Defense Wins?

Analysts Set New Price Targets

RTX has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on shares of RTX from $195.00 to $206.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Sanford C. Bernstein decreased their price objective on shares of RTX from $223.00 to $214.00 and set a “market perform” rating on the stock in a report on Thursday, October 15th. DA Davidson upped their target price on shares of RTX from $192.00 to $219.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $240.00 target price (up from $220.00) on shares of RTX in a report on Friday, July 24th. Finally, Robert W. Baird set a $240.00 price target on shares of RTX in a research report on Friday, July 24th. Seventeen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $231.24.

RTX Company Profile

RTX Corporation is an aerospace and defense company whose businesses include Collins Aerospace, Pratt & Whitney and Raytheon. The company serves commercial aviation, military and government customers around the world. Collins Aerospace develops aircraft systems and components, including avionics, communications, flight controls and cabin equipment. Pratt & Whitney designs and manufactures aircraft engines and provides related maintenance services. Raytheon develops defense systems and technologies, including air and missile defense, sensors and precision weapons.