Citizens & Northern Corp Invests $1.66 Million in RTX Corporation $RTX

Key Points

• Citizens & Northern Corp has invested $1.66 million in RTX Corporation by acquiring 11,383 shares during the second quarter.
• Bank of America has raised their target price on RTX from $150 to $175 while maintaining a "buy" rating.
• RTX reported an EPS of $1.70 for the last quarter, exceeding analysts' estimates and marking an 11.9% year-over-year revenue growth.

Citizens & Northern Corp acquired a new stake in RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,383 shares of the company's stock, valued at approximately $1,662,000.

Several other hedge funds also recently added to or reduced their stakes in the business. MorganRosel Wealth Management LLC purchased a new stake in RTX in the 1st quarter valued at about $26,000. PFS Partners LLC increased its position in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after acquiring an additional 89 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX in the 1st quarter valued at approximately $44,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in shares of RTX in the 2nd quarter worth approximately $47,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RTX. Bank of America lifted their target price on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Sanford C. Bernstein upped their price objective on shares of RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a research note on Monday, October 6th. Susquehanna raised their target price on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $164.13.

Insider Transactions at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the sale, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,173 shares of company stock worth $8,724,406. 0.15% of the stock is currently owned by insiders.

RTX Trading Up 7.6%

NYSE:RTX opened at $173.00 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $178.76. The stock has a fifty day moving average price of $159.66 and a two-hundred day moving average price of $146.50. The stock has a market capitalization of $231.57 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 2.98 and a beta of 0.66.

RTX (NYSE:RTX - Get Free Report) last released 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. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The firm's revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Company 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.

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