Olistico Wealth LLC Has $708,000 Holdings in RTX Corporation $RTX

Olistico Wealth LLC grew its stake in shares of RTX Corporation (NYSE:RTX) by 17.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,848 shares of the company’s stock after acquiring an additional 736 shares during the period. Olistico Wealth LLC’s holdings in RTX were worth $708,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC acquired a new stake in RTX during the first quarter worth approximately $26,000. PFS Partners LLC increased its holdings in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC bought a new position in shares of RTX during the first quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX during the first quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of RTX during the first quarter worth approximately $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RTX has been the topic of several recent research reports. Morgan Stanley raised their target price on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Barclays raised their target price 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. UBS Group raised their target price on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research note on Saturday, September 27th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $158.87.

RTX Stock Performance

Shares of NYSE:RTX opened at $166.73 on Friday. The company’s 50 day simple moving average is $158.18 and its 200 day simple moving average is $143.95. The stock has a market capitalization of $223.18 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $168.28.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion for 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 company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Activity

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by insiders.

RTX 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.