RTX Corporation $RTX Holdings Lowered by Vectors Research Management LLC

Vectors Research Management LLC trimmed its stake in shares of RTX Corporation (NYSE:RTX) by 0.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,067 shares of the company’s stock after selling 227 shares during the quarter. RTX comprises 1.9% of Vectors Research Management LLC’s holdings, making the stock its 16th biggest position. Vectors Research Management LLC’s holdings in RTX were worth $5,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stratos Investment Management LLC raised its position in shares of RTX by 0.8% during the 2nd quarter. Stratos Investment Management LLC now owns 41,136 shares of the company’s stock worth $6,007,000 after buying an additional 329 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new stake in shares of RTX during the 2nd quarter worth about $227,000. Latitude Advisors LLC bought a new stake in shares of RTX during the 2nd quarter worth about $285,000. Evernest Financial Advisors LLC raised its position in shares of RTX by 18.5% during the 2nd quarter. Evernest Financial Advisors LLC now owns 8,164 shares of the company’s stock worth $1,192,000 after buying an additional 1,277 shares in the last quarter. Finally, Tower Wealth Partners Inc. raised its position in shares of RTX by 43.6% during the 2nd quarter. Tower Wealth Partners Inc. now owns 3,358 shares of the company’s stock worth $490,000 after buying an additional 1,020 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on RTX. Susquehanna boosted their target price on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Barclays boosted their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Finally, The Goldman Sachs Group boosted their target price on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Two equities 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. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

RTX Stock Performance

RTX stock opened at $156.79 on Friday. The firm’s 50 day simple moving average is $159.14 and its 200-day simple moving average is $145.64. The company has a market cap of $209.87 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 2.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last 90 days. 0.15% of the stock is owned by corporate insiders.

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.