Brown Miller Wealth Management LLC Sells 714 Shares of RTX Corporation $RTX

Brown Miller Wealth Management LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,048 shares of the company’s stock after selling 714 shares during the quarter. RTX makes up about 1.0% of Brown Miller Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Brown Miller Wealth Management LLC’s holdings in RTX were worth $3,365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Olistico Wealth LLC raised its holdings in shares of RTX by 17.9% during the second quarter. Olistico Wealth LLC now owns 4,848 shares of the company’s stock valued at $708,000 after purchasing an additional 736 shares during the period. MBL Wealth LLC increased its position in RTX by 9.6% in the 2nd quarter. MBL Wealth LLC now owns 8,882 shares of the company’s stock valued at $1,297,000 after buying an additional 778 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in RTX by 0.9% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 13,601 shares of the company’s stock worth $1,986,000 after buying an additional 127 shares during the period. Tandem Investment Partners LLC grew its stake in RTX by 16.8% in the second quarter. Tandem Investment Partners LLC now owns 2,885 shares of the company’s stock valued at $421,000 after acquiring an additional 415 shares during the period. Finally, BridgePort Financial Solutions LLC lifted its holdings in shares of RTX by 2.8% in the 2nd quarter. BridgePort Financial Solutions LLC now owns 12,326 shares of the company’s stock worth $1,800,000 after purchasing an additional 331 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $166.73 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $223.18 billion, a PE ratio of 36.64, a PEG ratio of 3.07 and a beta of 0.66. The stock’s 50 day moving average price is $158.18 and its 200-day moving average price is $143.95. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $168.28.

RTX (NYSE:RTX) last issued its quarterly 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 business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction 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 trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last 90 days. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research report on Monday, July 21st. The Goldman Sachs Group lifted their price target on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. UBS Group increased their price objective on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.87.

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.