Clifford Swan Investment Counsel LLC Buys 609 Shares of RTX Corporation $RTX

Clifford Swan Investment Counsel LLC raised its stake in shares of RTX Corporation (NYSE:RTX) by 0.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 219,297 shares of the company’s stock after acquiring an additional 609 shares during the quarter. RTX makes up 1.1% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 27th largest holding. Clifford Swan Investment Counsel LLC’s holdings in RTX were worth $32,022,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after buying an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after acquiring an additional 104,139 shares during the last quarter. Invesco Ltd. increased its holdings in RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock valued at $1,365,969,000 after purchasing an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP raised its position in RTX by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock valued at $1,021,623,000 after purchasing an additional 65,493 shares during the last quarter. Finally, Nuveen LLC acquired a new position in RTX in the first quarter worth $916,739,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was 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 approximately $2,790,888.88. The trade was a 42.08% decrease in their position. 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 stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,469 shares of company stock valued at $7,364,841. Company insiders own 0.15% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $177.86 on Thursday. The stock has a market cap of $238.07 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 3.10 and a beta of 0.66. The stock has a 50-day moving average of $160.11 and a 200-day moving average of $146.72. 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 one year low of $112.27 and a one year high of $178.76.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.45%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RTX shares. Bank of America raised their target price on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Morgan Stanley set a $215.00 price objective on shares of RTX and gave the company an “overweight” rating in a research report on Wednesday. Susquehanna increased their price target on shares of RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group restated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $175.80.

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.