RTX Corporation $RTX Holdings Decreased by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,473 shares of the company’s stock after selling 165 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in RTX were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of RTX. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the first quarter valued at $26,000. PFS Partners LLC boosted its position in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new stake in RTX during the first quarter valued at $40,000. McClarren Financial Advisors Inc. acquired a new stake in RTX during the first quarter valued at $44,000. Finally, Briaud Financial Planning Inc boosted its position in RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 46,469 shares of company stock valued at $7,364,841. Insiders own 0.15% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $178.79 on Friday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $180.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.07. The stock has a market capitalization of $239.72 billion, a PE ratio of 36.71, a P/E/G ratio of 3.19 and a beta of 0.66. The stock has a 50-day simple moving average of $161.09 and a 200 day simple moving average of $147.74.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter in the previous year, the firm earned $1.45 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America lifted their price objective on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. UBS Group lifted their price objective on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup boosted their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price target on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Two investment 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, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $175.80.

RTX Company 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.