Prudent Man Advisors LLC Reduces Stake in RTX Corporation $RTX

Prudent Man Advisors LLC lowered its position in RTX Corporation (NYSE:RTX) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,798 shares of the company’s stock after selling 128 shares during the period. Prudent Man Advisors LLC’s holdings in RTX were worth $1,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Ballast Advisors LLC purchased a new stake in RTX in the 2nd quarter worth approximately $206,000. Strait & Sound Wealth Management LLC boosted its position in RTX by 1.5% in the 2nd quarter. Strait & Sound Wealth Management LLC now owns 10,691 shares of the company’s stock worth $1,561,000 after purchasing an additional 157 shares in the last quarter. Darden Wealth Group Inc boosted its position in RTX by 6.1% in the 2nd quarter. Darden Wealth Group Inc now owns 10,927 shares of the company’s stock worth $1,596,000 after purchasing an additional 632 shares in the last quarter. Waldron Private Wealth LLC boosted its position in RTX by 8.1% in the 2nd quarter. Waldron Private Wealth LLC now owns 14,812 shares of the company’s stock worth $2,163,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. boosted its position in RTX by 0.7% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 21,468 shares of the company’s stock worth $3,135,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $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 ninety days, insiders sold 46,469 shares of company stock valued at $7,364,841. 0.15% of the stock is owned by insiders.

RTX Trading Down 0.4%

Shares of NYSE:RTX opened at $178.79 on Friday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $180.50. The firm has a market capitalization of $239.72 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 3.19 and a beta of 0.66. 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 business’s 50 day moving average price is $161.09 and its 200-day moving average price is $147.74.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 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 during the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the prior year, the company earned $1.45 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein upped their price objective on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Morgan Stanley set a $215.00 target price on RTX and gave the company an “overweight” rating in a research report on Wednesday. Finally, The Goldman Sachs Group increased their target price on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $175.80.

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.