RTX Corporation $RTX Shares Sold by Thomasville National Bank

Key Points

• Thomasville National Bank reduced its position in RTX Corporation by 1.3%, decreasing its holdings to 208,499 shares, valued at approximately $30.4 million.
• Brokerages have recently raised their price targets for RTX, with Bank of America and JPMorgan Chase both increasing theirs to $175.00, while Citigroup raised its target to $182.00.
• RTX announced a quarterly dividend of $0.68 per share, reflecting an annualized yield of 1.7%, and had a payout ratio of 59.78% as per its latest financial update.

Thomasville National Bank trimmed its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208,499 shares of the company's stock after selling 2,691 shares during the period. RTX makes up about 2.1% of Thomasville National Bank's investment portfolio, making the stock its 15th biggest position. Thomasville National Bank's holdings in RTX were worth $30,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new stake in RTX during the 1st quarter worth approximately $26,000. Summit Securities Group LLC purchased a new position in shares of RTX in the first quarter worth about $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX in the first quarter valued at approximately $44,000. Capital A Wealth Management LLC bought a new stake in RTX during the fourth quarter valued at approximately $45,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of RTX in the first quarter worth $50,000. Institutional investors own 86.50% of the company's stock.

RTX Stock Up 0.1%

RTX stock traded up $0.12 during midday trading on Tuesday, hitting $159.55. 747,488 shares of the stock were exchanged, compared to its average volume of 5,106,422. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $213.56 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $161.40. The business's 50-day moving average price is $156.07 and its 200-day moving average price is $141.92.

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

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were paid a $0.68 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's payout ratio is currently 59.78%.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated 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 $2,551,798.40. The trade was a 31.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last three months. 0.15% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RTX shares. Sanford C. Bernstein upped their price target on shares of RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 10th. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Susquehanna raised their price target on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Finally, Barclays upped their target price on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $158.87.

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.