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 first quarter, HoldingsChannel.com reports. The firm owned 19,465 shares of the company’s stock after selling 2,822 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in RTX were worth $3,755,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RTX. BNP Paribas bought a new position in RTX in the 3rd quarter worth $25,000. Navalign LLC bought a new stake in RTX during the fourth quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new stake in RTX during 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. Finally, 1 North Wealth Services LLC lifted its position in shares of RTX by 456.7% in 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 in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on RTX. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Weiss Ratings downgraded RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Morgan Stanley reduced their price objective on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Erste Group Bank downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $211.38.

Trending Headlines about RTX

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 Trading Down 2.9%

Shares of RTX stock opened at $194.99 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $262.59 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 2.85 and a beta of 0.30. RTX Corporation has a 12-month low of $143.56 and a 12-month high of $214.50. The stock’s 50-day moving average price is $181.87 and its 200-day moving average price is $191.18.

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

RTX Announces Dividend

The company also recently announced 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. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio is currently 54.78%.

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.