Bingham Private Wealth LLC Boosts Position in RTX Corporation $RTX

Bingham Private Wealth LLC lifted its position in RTX Corporation (NYSE:RTX) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,284 shares of the company’s stock after buying an additional 170 shares during the quarter. Bingham Private Wealth LLC’s holdings in RTX were worth $626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. PFS Partners LLC boosted its holdings 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 purchasing an additional 89 shares during the period. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the first quarter worth $26,000. Summit Securities Group LLC bought a new stake in RTX during the first quarter valued at $40,000. McClarren Financial Advisors Inc. purchased a new position in RTX during the first quarter worth about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in RTX in the 1st quarter worth about $50,000. Institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction dated 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 owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the 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 sale, the insider owned 17,684 shares of the company’s stock, 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 have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by corporate insiders.

RTX Trading Up 1.5%

Shares of RTX opened at $169.03 on Tuesday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $169.75. The firm has a market cap of $226.25 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 3.07 and a beta of 0.66. The firm has a 50 day moving average price of $158.44 and a 200-day moving average price of $144.27. 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 (NYSE:RTX) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on RTX shares. Citigroup lifted their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Sanford C. Bernstein lifted their target price on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday. Bank of America increased their price target on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a report on Saturday, September 27th. Finally, Barclays upped their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Three 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 data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $160.47.

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.