Ingalls & Snyder LLC Lowers Holdings in RTX Corporation $RTX

Ingalls & Snyder LLC decreased its position in RTX Corporation (NYSE:RTX) by 2.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 169,599 shares of the company’s stock after selling 5,012 shares during the period. RTX accounts for about 0.9% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 23rd biggest position. Ingalls & Snyder LLC’s holdings in RTX were worth $24,765,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Strait & Sound Wealth Management LLC lifted its holdings in RTX by 1.5% during the second quarter. Strait & Sound Wealth Management LLC now owns 10,691 shares of the company’s stock worth $1,561,000 after buying an additional 157 shares during the period. Darden Wealth Group Inc lifted its holdings in RTX by 6.1% during the second quarter. Darden Wealth Group Inc now owns 10,927 shares of the company’s stock worth $1,596,000 after buying an additional 632 shares during the period. Waldron Private Wealth LLC lifted its holdings in RTX by 8.1% during the second quarter. Waldron Private Wealth LLC now owns 14,812 shares of the company’s stock worth $2,163,000 after buying an additional 1,108 shares during the period. Burke & Herbert Bank & Trust Co. lifted its holdings in RTX by 0.7% during the second quarter. Burke & Herbert Bank & Trust Co. now owns 21,468 shares of the company’s stock worth $3,135,000 after buying an additional 150 shares during the period. Finally, CVA Family Office LLC lifted its holdings in RTX by 1.5% during the second quarter. CVA Family Office LLC now owns 7,397 shares of the company’s stock worth $1,080,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on RTX shares. UBS Group upped their target price on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley set a $215.00 price objective on RTX and gave the company an “overweight” rating in a report on Wednesday. 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 report on Wednesday, July 23rd. Robert W. Baird set a $203.00 price objective on RTX in a report on Wednesday. Finally, Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday. Two 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $175.80.

RTX Price Performance

NYSE RTX opened at $178.79 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75. The stock’s fifty day moving average price is $161.09 and its 200 day moving average price is $147.74. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $180.50. The company has a market cap of $239.72 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.19 and a beta of 0.66.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the prior year, the firm earned $1.45 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

Insiders Place Their Bets

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,469 shares of company stock valued at $7,364,841. 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.