Stonehage Fleming Financial Services Holdings Ltd Invests $175,000 in RTX Corporation $RTX

Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of RTX Corporation (NYSE:RTX) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,200 shares of the company’s stock, valued at approximately $175,000.

Several other large investors have also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC lifted its stake in RTX by 27.4% during the second quarter. Fifth Third Wealth Advisors LLC now owns 34,782 shares of the company’s stock worth $5,079,000 after purchasing an additional 7,488 shares during the last quarter. Bey Douglas LLC lifted its stake in RTX by 35.0% during the second quarter. Bey Douglas LLC now owns 3,024 shares of the company’s stock worth $442,000 after purchasing an additional 784 shares during the last quarter. Invictus Private Wealth LLC lifted its stake in RTX by 46.7% during the second quarter. Invictus Private Wealth LLC now owns 3,613 shares of the company’s stock worth $528,000 after purchasing an additional 1,150 shares during the last quarter. Aberdeen Group plc lifted its stake in RTX by 10.4% during the second quarter. Aberdeen Group plc now owns 631,448 shares of the company’s stock worth $92,204,000 after purchasing an additional 59,728 shares during the last quarter. Finally, Strong Tower Advisory Services lifted its stake in RTX by 1.9% during the second quarter. Strong Tower Advisory Services now owns 24,597 shares of the company’s stock worth $3,592,000 after purchasing an additional 467 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research note on Wednesday. Bank of America raised their target price on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Barclays raised their target price on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. 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 note on Wednesday, July 23rd. Finally, Susquehanna raised their target price on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.13.

Insider Transactions at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock valued at $8,947,010 in the last quarter. 0.15% of the stock is owned by company insiders.

RTX Price Performance

Shares of NYSE RTX opened at $157.64 on Friday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85. The firm’s 50-day simple moving average is $159.00 and its 200 day simple moving average is $145.03. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock has a market cap of $211.01 billion, a P/E ratio of 34.65, a P/E/G ratio of 2.91 and a beta of 0.66.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. During the same period in the previous year, the business earned $1.41 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts expect that RTX Corporation will post 6.11 EPS for the current year.

About RTX

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.