Vest Financial LLC Buys 7,885 Shares of RTX Corporation $RTX

Vest Financial LLC grew its stake in RTX Corporation (NYSE:RTX) by 39.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,954 shares of the company’s stock after acquiring an additional 7,885 shares during the quarter. Vest Financial LLC’s holdings in RTX were worth $4,082,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC bought a new stake in RTX in the first quarter worth $26,000. PFS Partners LLC boosted its holdings in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of RTX during the first quarter valued at $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX during the first quarter valued at $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of RTX during the first quarter valued at $50,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Up 0.7%

RTX stock opened at $158.83 on Tuesday. The stock has a market cap of $212.59 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.93 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 Corporation has a one year low of $112.27 and a one year high of $170.85. The stock has a fifty day moving average of $159.02 and a 200 day moving average of $145.30.

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 during the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RTX. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Susquehanna upped their price target on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. Finally, Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Two equities research 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $164.13.

Insiders Place Their Bets

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction dated 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 approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by corporate 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.