Federated Hermes Inc. Sells 24,185 Shares of RTX Corporation $RTX

Federated Hermes Inc. trimmed its stake in shares of RTX Corporation (NYSE:RTX) by 8.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 257,674 shares of the company’s stock after selling 24,185 shares during the period. Federated Hermes Inc.’s holdings in RTX were worth $37,626,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the period. Berger Financial Group Inc bought a new stake in RTX in the first quarter valued at about $223,000. Virtu Financial LLC acquired a new position in shares of RTX during the 1st quarter worth about $2,098,000. Finally, Aigen Investment Management LP bought a new position in RTX during the 1st quarter worth approximately $581,000. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This trade represents a 7.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several research analyst reports. Wall Street Zen raised shares of RTX from a “buy” rating to a “strong-buy” rating in a report on Saturday. Jefferies Financial Group restated a “hold” rating and issued a $190.00 price target on shares of RTX in a report on Tuesday, November 25th. Sanford C. Bernstein raised their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. Morgan Stanley set a $215.00 price objective on RTX and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group increased 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. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.00.

RTX Stock Up 0.2%

Shares of RTX stock opened at $171.38 on Tuesday. The firm’s fifty day moving average price is $171.23 and its two-hundred day moving average price is $157.98. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $181.31. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $229.78 billion, a P/E ratio of 35.19, a PEG ratio of 2.68 and a beta of 0.44.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS 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%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.6%. RTX’s payout ratio is presently 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.