Aberdeen Group plc Acquires 59,728 Shares of RTX Corporation $RTX

Aberdeen Group plc grew its holdings in shares of RTX Corporation (NYSE:RTX) by 10.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 631,448 shares of the company’s stock after purchasing an additional 59,728 shares during the period. Aberdeen Group plc’s holdings in RTX were worth $92,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Strong Tower Advisory Services lifted its position in RTX by 1.9% during the 2nd quarter. Strong Tower Advisory Services now owns 24,597 shares of the company’s stock worth $3,592,000 after buying an additional 467 shares in the last quarter. Brucke Financial Inc. raised its holdings in shares of RTX by 3.0% in the 2nd quarter. Brucke Financial Inc. now owns 3,210 shares of the company’s stock valued at $469,000 after purchasing an additional 93 shares during the period. PDS Planning Inc raised its holdings in shares of RTX by 18.6% in the 2nd quarter. PDS Planning Inc now owns 7,228 shares of the company’s stock valued at $1,055,000 after purchasing an additional 1,131 shares during the period. Cyndeo Wealth Partners LLC raised its holdings in shares of RTX by 2.2% in the 2nd quarter. Cyndeo Wealth Partners LLC now owns 27,734 shares of the company’s stock valued at $4,050,000 after purchasing an additional 595 shares during the period. Finally, WMG Financial Advisors LLC bought a new stake in shares of RTX in the 2nd quarter valued at about $222,000. 86.50% of the stock is owned by institutional investors.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. In the last three months, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Sanford C. Bernstein upped their target price on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. UBS Group upped 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. Citigroup upped their target price on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

RTX Stock Down 2.8%

Shares of RTX opened at $157.64 on Friday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85. The firm has a market cap of $211.01 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.66. The firm’s 50-day simple moving average is $159.00 and its 200 day simple moving average is $145.03. 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 (NYSE:RTX) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS 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 business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the prior year, the business earned $1.41 EPS. RTX’s quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

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.