RKL Wealth Management LLC Purchases 214 Shares of RTX Corporation $RTX

RKL Wealth Management LLC boosted its holdings in shares of RTX Corporation (NYSE:RTX) by 8.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,704 shares of the company’s stock after buying an additional 214 shares during the quarter. RKL Wealth Management LLC’s holdings in RTX were worth $395,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in RTX. MorganRosel Wealth Management LLC bought a new stake in RTX during the first quarter worth $26,000. PFS Partners LLC grew its holdings in RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares during the period. Summit Securities Group LLC acquired a new stake in RTX during the 1st quarter worth about $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of RTX in the 1st quarter valued at about $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of RTX in the 1st quarter valued at about $50,000. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX stock opened at $167.37 on Thursday. The firm has a market capitalization of $224.03 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.08 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The firm has a 50 day moving average price of $157.75 and a 200-day moving average price of $143.42. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $168.28.

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

Insider Activity at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 in the last 90 days. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several research reports. Citigroup raised their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Barclays lifted their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Susquehanna lifted their price target on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Finally, Morgan Stanley upped their price target on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price of $158.87.

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.