Heartland Bank & Trust Co Sells 7,874 Shares of RTX Corporation $RTX

Key Points

• Heartland Bank & Trust Co reduced its stake in RTX Corporation by 60.3%, selling 7,874 shares, leaving it with 5,190 shares worth approximately $758,000 as of the end of the last quarter.
• Multiple analysts have increased their price targets for RTX, with Citigroup setting it at $182.00 and Goldman Sachs at $126.00, leaning towards a "buy" sentiment with an overall consensus rating of "Moderate Buy."
• In Q2, RTX reported earnings per share of $1.56, surpassing estimates, alongside a significant revenue of $21.58 billion, reflecting a 9.4% increase compared to the same quarter last year.

Heartland Bank & Trust Co lowered its holdings in RTX Corporation (NYSE:RTX - Free Report) by 60.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,190 shares of the company's stock after selling 7,874 shares during the period. Heartland Bank & Trust Co's holdings in RTX were worth $758,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in shares of RTX in the first quarter valued at approximately $26,000. PFS Partners LLC lifted its stake in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock worth $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC purchased a new stake in RTX in the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. purchased a new stake in RTX in the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in RTX in the 1st quarter worth approximately $50,000. Institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on RTX shares. The Goldman Sachs Group increased their target price on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Citigroup increased their price target on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Bank of America increased their price target on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a report on Monday, July 21st. Finally, Barclays increased their price target on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, RTX presently has a consensus rating of "Moderate Buy" and an average price target of $164.13.

RTX Price Performance

RTX stock opened at $158.83 on Tuesday. 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 52 week low of $112.27 and a 52 week high of $170.85. The firm's fifty day moving average is $159.02 and its 200 day moving average is $145.30. The firm has a market cap of $212.59 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.93 and a beta of 0.66.

RTX (NYSE:RTX - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter last year, the firm earned $1.41 EPS. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares of the company's stock, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares of the company's stock, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock worth $8,947,010 over the last ninety days. 0.15% of the stock is owned by company insiders.

About RTX

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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