RTX Corporation $RTX Shares Sold by Tranquility Partners LLC

Tranquility Partners LLC lowered its stake in RTX Corporation (NYSE:RTX) by 1.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,709 shares of the company’s stock after selling 73 shares during the quarter. Tranquility Partners LLC’s holdings in RTX were worth $542,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC grew its stake in RTX by 1.6% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 69,419 shares of the company’s stock valued at $10,137,000 after acquiring an additional 1,101 shares during the period. Johnson Investment Counsel Inc. grew its stake in RTX by 9.9% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 37,895 shares of the company’s stock valued at $5,533,000 after acquiring an additional 3,414 shares during the period. Investment Advisory Group LLC grew its stake in RTX by 5.4% in the 2nd quarter. Investment Advisory Group LLC now owns 3,734 shares of the company’s stock valued at $545,000 after acquiring an additional 192 shares during the period. AdviceOne Advisory Services LLC grew its stake in RTX by 0.8% in the 2nd quarter. AdviceOne Advisory Services LLC now owns 554,604 shares of the company’s stock valued at $80,983,000 after acquiring an additional 4,549 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in RTX in the 2nd quarter valued at $175,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on RTX. Barclays lifted their price target on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. The Goldman Sachs Group raised their price objective on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Bank of America raised their price objective on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Finally, Sanford C. Bernstein raised their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.13.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction on Wednesday, July 23rd. The stock was 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 $2,007,395.84. The trade was a 9.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares in the company, 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. Over the last 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Down 2.8%

NYSE RTX opened at $157.64 on Friday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $159.00 and its 200-day simple moving average is $145.03. The firm has a market cap of $211.01 billion, a PE ratio of 34.65, a P/E/G ratio of 2.91 and a beta of 0.66.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. The company’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. As a group, equities analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

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.