Spartan Planning & Wealth Management Boosts Stake in RTX Corporation $RTX

Spartan Planning & Wealth Management grew its stake in shares of RTX Corporation (NYSE:RTX) by 11.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,594 shares of the company’s stock after buying an additional 276 shares during the period. Spartan Planning & Wealth Management’s holdings in RTX were worth $379,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PFS Partners LLC raised its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX during the 1st quarter valued at $26,000. Summit Securities Group LLC purchased a new stake in shares of RTX during the 1st quarter valued at $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX during the 1st quarter valued at $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of RTX during the 1st quarter valued at $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on RTX. Morgan Stanley increased their target price on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. UBS Group increased their target price on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein increased their target price on shares of RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $158.87.

RTX Price Performance

Shares of RTX stock opened at $163.74 on Tuesday. The firm has a market cap of $219.17 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $168.28. 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 company’s fifty day simple moving average is $157.17 and its two-hundred day simple moving average is $143.08.

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