Community Financial Services Group LLC Invests $513,000 in RTX Corporation $RTX

Community Financial Services Group LLC bought a new stake in shares of RTX Corporation (NYSE:RTXFree Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,068 shares of the company’s stock, valued at approximately $513,000.

A number of other large investors also recently bought and sold shares of the business. Cornerstone Advisory LLC grew its holdings in RTX by 0.9% in the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock valued at $1,094,000 after purchasing an additional 64 shares during the period. Briaud Financial Planning Inc lifted its position in shares of RTX by 25.4% during the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after buying an additional 65 shares in the last quarter. AssuredPartners Investment Advisors LLC lifted its position in shares of RTX by 2.4% during the 3rd quarter. AssuredPartners Investment Advisors LLC now owns 2,816 shares of the company’s stock valued at $471,000 after buying an additional 65 shares in the last quarter. Vista Investment Partners LLC grew its stake in RTX by 0.7% in the 3rd quarter. Vista Investment Partners LLC now owns 9,929 shares of the company’s stock valued at $1,661,000 after acquiring an additional 65 shares during the period. Finally, Carr Financial Group Corp increased its holdings in RTX by 1.8% in the 3rd quarter. Carr Financial Group Corp now owns 3,831 shares of the company’s stock worth $641,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

Wall Street Analyst Weigh In

Several research firms have issued reports on RTX. UBS Group increased their price objective on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Susquehanna raised their price target on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. JPMorgan Chase & Co. boosted their price objective on RTX from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Finally, Bank of America raised their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $184.18.

Get Our Latest Report on RTX

RTX Trading Up 2.0%

Shares of RTX stock opened at $187.10 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $177.21 and its 200-day simple moving average is $163.56. The stock has a market cap of $250.86 billion, a P/E ratio of 38.42, a P/E/G ratio of 2.73 and a beta of 0.44. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $188.00.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The firm had revenue of $22.48 billion for 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 was up 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

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

Insider Activity

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total value 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 approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.15% of the company’s stock.

RTX Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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