Smart Portfolios LLC Sells 105 Shares of RTX Corporation $RTX

Smart Portfolios LLC trimmed its stake in RTX Corporation (NYSE:RTX) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,793 shares of the company’s stock after selling 105 shares during the period. RTX comprises about 1.0% of Smart Portfolios LLC’s investment portfolio, making the stock its 28th largest position. Smart Portfolios LLC’s holdings in RTX were worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in RTX in the first quarter valued at $26,000. PFS Partners LLC grew its position 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 period. Summit Securities Group LLC bought a new stake in RTX in the first quarter valued at $40,000. McClarren Financial Advisors Inc. bought a new stake in RTX in the first quarter valued at $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in RTX in the first quarter valued at $50,000. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the 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 transaction, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last ninety days. Company insiders own 0.15% of the company’s stock.

RTX Trading Up 0.4%

Shares of RTX opened at $159.45 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $170.85. The firm has a market capitalization of $213.43 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 2.95 and a beta of 0.66. The stock’s fifty day simple moving average is $159.09 and its 200-day simple moving average is $145.39.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.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 firm posted $1.41 earnings per share. The firm’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. As a group, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of analyst reports. Bank of America upped their price target on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research note on Monday, July 21st. Barclays boosted their price objective on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, UBS Group boosted their price objective on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Two equities research 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 stock. According to MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $164.13.

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.