Independent Solutions Wealth Management LLC Has $1.75 Million Stock Holdings in RTX Corporation $RTX

Independent Solutions Wealth Management LLC cut its position in RTX Corporation (NYSE:RTX) by 1.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 11,989 shares of the company’s stock after selling 177 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in RTX were worth $1,751,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new position in shares of RTX in the first quarter valued at about $26,000. PFS Partners LLC boosted its stake in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after acquiring an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new stake in RTX during the 1st quarter worth $40,000. McClarren Financial Advisors Inc. bought a new stake in shares of RTX during the 1st quarter valued at $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of RTX during the first quarter worth $50,000. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of a number of recent analyst reports. Bank of America upped their price objective on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Susquehanna upped their target price on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research note on Saturday, September 27th. Citigroup upped their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, UBS Group upped their price target on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.47.

RTX Stock Performance

NYSE:RTX opened at $169.03 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $169.75. The company has a market cap of $226.25 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 3.07 and a beta of 0.66. The stock has a fifty day moving average price of $158.44 and a 200-day moving average price of $144.27.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous 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 anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Activity at RTX

In other news, 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 transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This represents a 9.98% decrease in their position. 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 quarter. Insiders own 0.15% of the company’s stock.

About RTX

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.