Farmers & Merchants Trust Co of Chambersburg PA Sells 2,822 Shares of RTX Corporation $RTX

Farmers & Merchants Trust Co of Chambersburg PA cut its position in RTX Corporation (NYSE:RTX) by 12.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,465 shares of the company’s stock after selling 2,822 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in RTX were worth $3,755,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RTX. BNP Paribas bought a new position in RTX in the 3rd quarter valued at approximately $25,000. Navalign LLC bought a new stake in shares of RTX in the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX in the fourth quarter worth $26,000. Core Wealth Advisors LLC purchased a new position in shares of RTX in the fourth quarter worth $31,000. Finally, 1 North Wealth Services LLC lifted its holdings in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on RTX. Melius Research raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Weiss Ratings lowered RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Jefferies Financial Group reiterated a “buy” rating on shares of RTX in a research note on Wednesday. Finally, Morgan Stanley decreased their price objective on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.38.

RTX Trading Down 2.9%

Shares of NYSE:RTX opened at $194.99 on Thursday. The stock’s 50-day simple moving average is $181.87 and its two-hundred day simple moving average is $191.18. The stock has a market capitalization of $262.59 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 2.85 and a beta of 0.30. RTX Corporation has a 52-week low of $143.56 and a 52-week high of $214.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s payout ratio is presently 54.78%.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, announced new steps to expand production of AMRAAM missiles and said it is doubling global Stinger missile output with European partners, which supports long-term revenue visibility and highlights strong demand for RTX’s defense products.
• Positive Sentiment: RTX received a consensus “Moderate Buy” rating from brokerages, reinforcing a generally favorable Wall Street view of the stock.
• Neutral Sentiment: RTX has been getting increased search interest from investors on Zacks, suggesting the stock is on traders’ radar, but this is not a direct operational catalyst.
• Neutral Sentiment: The company also drew attention after being removed from the Russell 1000 Dynamic Index, which may affect index-related flows but does not change RTX’s underlying business prospects.
• Neutral Sentiment: Analyst-style market recaps from Zacks and Yahoo Finance noted that RTX fell more than the broader market in the latest session, but did not point to a major new company-specific negative development.

RTX Profile

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.