RTX Corporation $RTX Stock Holdings Increased by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC boosted its position in RTX Corporation (NYSE:RTX) by 16.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,859 shares of the company’s stock after buying an additional 267 shares during the quarter. Commonwealth Financial Services LLC’s holdings in RTX were worth $271,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. SPC Financial Inc. grew its holdings in shares of RTX by 6.1% during the second quarter. SPC Financial Inc. now owns 2,142 shares of the company’s stock valued at $313,000 after purchasing an additional 124 shares during the last quarter. CWM LLC grew its holdings in shares of RTX by 0.9% during the second quarter. CWM LLC now owns 133,202 shares of the company’s stock valued at $19,450,000 after purchasing an additional 1,227 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of RTX during the second quarter valued at approximately $408,000. Lodestar Private Asset Management LLC grew its holdings in shares of RTX by 9.5% during the second quarter. Lodestar Private Asset Management LLC now owns 1,788 shares of the company’s stock valued at $261,000 after purchasing an additional 155 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of RTX by 18.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 198,621 shares of the company’s stock valued at $29,085,000 after purchasing an additional 30,557 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares of the company’s stock, valued at $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. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last three months. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

RTX has been the subject of several recent research reports. Citigroup upped their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Bank of America upped their target price on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. UBS Group increased their price objective on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $195.00 price objective on shares of RTX in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $164.13.

RTX Stock Performance

RTX opened at $157.64 on Friday. The company has a market capitalization of $211.01 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $170.85. The business has a 50 day moving average price of $159.00 and a two-hundred day moving average price of $145.03.

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