BSW Wealth Partners Sells 679 Shares of RTX Corporation $RTX

BSW Wealth Partners lowered its stake in RTX Corporation (NYSE:RTX) by 20.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,691 shares of the company’s stock after selling 679 shares during the period. BSW Wealth Partners’ holdings in RTX were worth $393,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PFS Partners LLC raised its holdings in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after acquiring an additional 89 shares in the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of RTX during the first quarter valued at approximately $26,000. Summit Securities Group LLC bought a new position in shares of RTX during the first quarter valued at approximately $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX during the first quarter valued at approximately $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of RTX during the first quarter valued at approximately $50,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX opened at $166.68 on Friday. The stock has a fifty day simple moving average of $157.98 and a two-hundred day simple moving average of $143.66. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The company has a market cap of $223.11 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 3.08 and a beta of 0.66. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $168.28.

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

Insider Transactions at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on Thursday, July 24th. The stock was 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 of the company’s stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on RTX shares. Morgan Stanley upped their target price on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group upped their target price on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Citigroup increased their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Susquehanna increased their price objective on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned 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 an average target price of $158.87.

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.