Central Pacific Bank Trust Division Sells 4,378 Shares of RTX Corporation $RTX

Central Pacific Bank Trust Division trimmed its holdings in shares of RTX Corporation (NYSE:RTX) by 16.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,864 shares of the company’s stock after selling 4,378 shares during the quarter. Central Pacific Bank Trust Division’s holdings in RTX were worth $4,148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RTX. Navalign LLC purchased a new stake in RTX in the fourth quarter worth approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX in the fourth quarter valued at about $26,000. Core Wealth Advisors LLC purchased a new position in shares of RTX in the fourth quarter valued at about $31,000. 1 North Wealth Services LLC raised its stake 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 acquiring an additional 137 shares during the last quarter. Finally, Evergreen Advisors LLC purchased a new stake in shares of RTX during the first quarter worth about $31,000. 86.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RTX. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $238.00 price objective on shares of RTX in a report on Monday, July 27th. UBS Group upped their price objective on shares of RTX from $198.00 to $215.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Susquehanna raised their target price on RTX from $235.00 to $245.00 and gave the company a “positive” rating in a research note on Friday, July 24th. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Royal Bank Of Canada upped their target price on shares of RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $228.59.

RTX Stock Up 0.5%

RTX stock opened at $217.80 on Wednesday. The stock has a market capitalization of $293.55 billion, a P/E ratio of 38.35, a P/E/G ratio of 2.58 and a beta of 0.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $221.34. The business has a fifty day moving average price of $192.72 and a 200-day moving average price of $193.48.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.66 by $0.23. The company had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.RTX’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Equities analysts forecast that RTX Corporation will post 7.21 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio is presently 51.41%.

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the transaction, the insider directly owned 8,809 shares in the company, valued at $1,852,444.61. This trade represents a 49.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Kevin G. Dasilva sold 4,760 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $213.62, for a total value of $1,016,831.20. Following the sale, the vice president owned 22,349 shares of the company’s stock, valued at approximately $4,774,193.38. This represents a 17.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 15,567 shares of company stock worth $3,304,375. Company insiders own 0.10% of the company’s stock.

About RTX

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.