Clarius Group LLC Acquires 740 Shares of RTX Corporation $RTX

Clarius Group LLC grew its holdings in shares of RTX Corporation (NYSE:RTX) by 9.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,580 shares of the company’s stock after buying an additional 740 shares during the quarter. Clarius Group LLC’s holdings in RTX were worth $1,253,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Penobscot Investment Management Company Inc. grew its stake in shares of RTX by 1.3% during the second quarter. Penobscot Investment Management Company Inc. now owns 46,727 shares of the company’s stock valued at $6,823,000 after buying an additional 580 shares during the last quarter. Signature Wealth Management Partners LLC grew its stake in shares of RTX by 4.9% during the second quarter. Signature Wealth Management Partners LLC now owns 10,672 shares of the company’s stock valued at $1,558,000 after buying an additional 500 shares during the last quarter. Sava Infond d.o.o. grew its stake in RTX by 25.4% in the second quarter. Sava Infond d.o.o. now owns 14,800 shares of the company’s stock worth $2,161,000 after purchasing an additional 3,000 shares in the last quarter. Quent Capital LLC grew its stake in RTX by 17.3% in the second quarter. Quent Capital LLC now owns 3,430 shares of the company’s stock worth $501,000 after purchasing an additional 506 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in RTX by 10.2% in the second quarter. QRG Capital Management Inc. now owns 212,273 shares of the company’s stock worth $30,996,000 after purchasing an additional 19,668 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction on 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 approximately $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. Company insiders own 0.15% of the company’s stock.

RTX Stock Performance

Shares of RTX opened at $166.73 on Friday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $168.28. The stock has a fifty day moving average price of $158.18 and a 200-day moving average price of $143.95. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market cap of $223.18 billion, a PE ratio of 36.64, a P/E/G ratio of 3.07 and a beta of 0.66.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research note 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 research note on Wednesday, July 23rd. The Goldman Sachs Group increased their price objective on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research note on Saturday, September 27th. Finally, Barclays increased their price objective on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.87.

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.