RTX Corporation $RTX Stock Position Reduced by Waterfront Wealth Inc.

Waterfront Wealth Inc. lessened its position in shares of RTX Corporation (NYSE:RTX) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,411 shares of the company’s stock after selling 389 shares during the period. Waterfront Wealth Inc.’s holdings in RTX were worth $1,812,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. MorganRosel Wealth Management LLC bought a new stake in shares of RTX in the 1st quarter worth approximately $26,000. PFS Partners LLC lifted its holdings in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of RTX in the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new stake in shares of RTX in the 1st quarter worth approximately $44,000. Finally, Briaud Financial Planning Inc lifted its holdings in shares of RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of RTX 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 legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction on Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the transaction, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 51,318 shares of company stock valued at $8,238,388 in the last quarter. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group raised their target price on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. raised their target price on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $178.47.

RTX Stock Down 0.3%

RTX opened at $178.76 on Wednesday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $181.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81. The stock has a market cap of $239.67 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.11 and a beta of 0.66. The stock’s 50 day moving average price is $162.06 and its 200 day moving average price is $148.59.

RTX (NYSE:RTX) last issued its quarterly 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 company had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same period last year, the firm earned $1.45 EPS. The firm’s revenue for the quarter 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, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

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.