Venturi Wealth Management LLC Sells 10,024 Shares of RTX Corporation $RTX

Venturi Wealth Management LLC lessened its holdings in RTX Corporation (NYSE:RTX) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 101,121 shares of the company’s stock after selling 10,024 shares during the period. Venturi Wealth Management LLC’s holdings in RTX were worth $14,766,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the first quarter worth $26,000. PFS Partners LLC increased its stake in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of RTX in the first quarter worth $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX in the first quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of RTX in the first quarter worth $50,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.4%

RTX stock opened at $169.48 on Wednesday. The firm has a fifty day moving average price of $158.69 and a 200 day moving average price of $144.45. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.36. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a market cap of $226.86 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Bank of America increased their price objective on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Susquehanna lifted their price objective on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.47.

Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction on Thursday, July 24th. The shares were 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 of the company’s stock, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last 90 days. Company insiders own 0.15% of the company’s stock.

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.