Tandem Investment Partners LLC Acquires 415 Shares of RTX Corporation $RTX

Tandem Investment Partners LLC lifted its holdings in RTX Corporation (NYSE:RTX) by 16.8% in the second quarter, HoldingsChannel reports. The fund owned 2,885 shares of the company’s stock after buying an additional 415 shares during the period. Tandem Investment Partners LLC’s holdings in RTX were worth $421,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in RTX. Bay Capital Advisors LLC bought a new stake in RTX during the 1st quarter valued at $224,000. Dynamic Advisor Solutions LLC raised its holdings in RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock valued at $4,591,000 after buying an additional 2,686 shares during the last quarter. Brookwood Investment Group LLC bought a new stake in RTX during the 1st quarter valued at $1,288,000. LBP AM SA raised its holdings in RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after buying an additional 41,990 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after buying an additional 5,356 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $166.73 on Friday. RTX Corporation has a one year low of $112.27 and a one year high of $168.28. The company’s 50-day moving average is $158.18 and its 200 day moving average is $143.95. The company has a market capitalization of $223.18 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 3.07 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.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS 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 for the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the firm posted $1.41 EPS. RTX’s revenue for the quarter was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. UBS Group boosted 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. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research report on Monday, July 21st. Morgan Stanley boosted their price objective on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group boosted 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. Three 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.87.

Insider Activity at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated 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 sale, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 in the last ninety days. 0.15% of the stock is currently owned by company insiders.

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.