RTX Corporation $RTX Shares Sold by RNC Capital Management LLC

RNC Capital Management LLC decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,537 shares of the company’s stock after selling 140 shares during the period. RNC Capital Management LLC’s holdings in RTX were worth $1,977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gries Financial LLC increased its position in RTX by 0.7% during the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after purchasing an additional 69 shares during the period. M3 Advisory Group LLC increased its position in RTX by 2.7% during the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after purchasing an additional 69 shares during the period. TrueWealth Advisors LLC boosted its stake in shares of RTX by 3.6% during the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock worth $293,000 after acquiring an additional 70 shares in the last quarter. RMR Wealth Builders grew its holdings in shares of RTX by 3.6% in the 2nd quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock worth $297,000 after acquiring an additional 70 shares during the period. Finally, Verum Partners LLC grew its holdings in shares of RTX by 1.8% in the 2nd quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock worth $598,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RTX. Susquehanna upped their price target on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. The Goldman Sachs Group upped their price target on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday. Sanford C. Bernstein upped their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price target on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley set a $215.00 price target on RTX and gave the stock an “overweight” rating in a report on Wednesday. Two 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. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $175.80.

RTX Trading Up 2.8%

Shares of RTX stock opened at $177.86 on Thursday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $178.76. The firm has a market cap of $238.07 billion, a PE ratio of 36.52, a P/E/G ratio of 3.10 and a beta of 0.66. The business’s fifty day moving average is $160.11 and its two-hundred day moving average is $146.72. 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 (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 13.45% and a net margin of 7.67%.The company had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same quarter in the prior year, the company posted $1.45 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 value of $4,149,426.72. The disclosure for this sale can be found here. Insiders have sold a total of 46,469 shares of company stock valued at $7,364,841 in the last quarter. 0.15% of the stock is currently owned by company insiders.

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.