Adell Harriman & Carpenter Inc. Increases Holdings in RTX Corporation $RTX

Adell Harriman & Carpenter Inc. lifted its stake in shares of RTX Corporation (NYSE:RTX) by 2.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 91,552 shares of the company’s stock after acquiring an additional 2,586 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in RTX were worth $13,369,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of RTX by 1.0% during the first 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 in the last quarter. Invesco Ltd. raised its stake in shares of RTX by 1.5% during the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after acquiring an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of RTX by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after acquiring an additional 65,493 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of RTX during the first quarter worth approximately $916,739,000. 86.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RTX has been the topic of several research reports. The Goldman Sachs Group lifted their price target on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. UBS Group raised their price target on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Susquehanna raised their price target on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Citigroup raised their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Two equities 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

Insider Activity at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The shares were 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. This represents 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 the SEC website. 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 transaction of $4,149,426.72. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,318 shares of company stock valued at $8,238,388 over the last quarter. Company insiders own 0.15% of the company’s stock.

RTX Stock Performance

RTX stock opened at $176.28 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $162.45 and a 200-day moving average of $148.93. The firm has a market cap of $236.35 billion, a P/E ratio of 36.20, a P/E/G ratio of 2.83 and a beta of 0.66. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $181.31.

RTX (NYSE:RTX) last posted its 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. The company had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. RTX’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 EPS 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.