Mitchell Sinkler & Starr PA Raises Position in RTX Corporation $RTX

Mitchell Sinkler & Starr PA raised its holdings in RTX Corporation (NYSE:RTX) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,179 shares of the company’s stock after buying an additional 135 shares during the period. RTX makes up approximately 1.3% of Mitchell Sinkler & Starr PA’s portfolio, making the stock its 21st largest position. Mitchell Sinkler & Starr PA’s holdings in RTX were worth $2,654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC purchased a new position in RTX in the 1st quarter valued at approximately $26,000. PFS Partners LLC boosted its position in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the period. Summit Securities Group LLC purchased a new position in RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX during the 1st quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of RTX during the 1st quarter worth $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. The Goldman Sachs Group lifted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research report on Wednesday. Two research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.13.

Insider Buying and Selling

In other RTX 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 value of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last quarter. Corporate insiders own 0.15% of the company’s stock.

RTX Trading Down 2.8%

NYSE RTX opened at $157.64 on Friday. 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 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 Corporation has a one year low of $112.27 and a one year high of $170.85. The firm’s fifty day moving average is $159.00 and its two-hundred day moving average is $145.03.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts expect 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.