RTX Corporation $RTX Stock Holdings Lowered by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. lowered its position in shares of RTX Corporation (NYSE:RTX) by 3.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,597 shares of the company’s stock after selling 120 shares during the period. Wingate Wealth Advisors Inc.’s holdings in RTX were worth $525,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. MorganRosel Wealth Management LLC bought a new position in RTX in the 1st quarter valued at about $26,000. PFS Partners LLC lifted its position in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of RTX in the first quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new position in RTX during the first quarter valued at approximately $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in RTX during the first quarter valued at approximately $50,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of several recent research reports. UBS Group raised their price objective on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Susquehanna raised their price objective on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group raised their price objective on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, June 23rd. Finally, Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $164.13.

Insiders Place Their Bets

In other news, insider Philip J. Jasper sold 12,847 shares of the firm’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 sale, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was 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 trade represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 in the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

RTX Trading Up 0.6%

Shares of RTX stock opened at $158.04 on Friday. The company’s fifty day simple moving average is $159.20 and its 200-day simple moving average is $145.90. The company has a market cap of $211.55 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 2.93 and a beta of 0.66. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $170.85.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) 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%. RTX’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side 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.