DecisionMap Wealth Management LLC Lowers Stock Position in RTX Corporation $RTX

DecisionMap Wealth Management LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 12.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,571 shares of the company’s stock after selling 671 shares during the period. DecisionMap Wealth Management LLC’s holdings in RTX were worth $667,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bay Capital Advisors LLC acquired a new stake in shares of RTX in the first quarter valued at $224,000. Brookwood Investment Group LLC purchased a new position in RTX during the 1st quarter valued at about $1,288,000. LBP AM SA boosted its holdings in RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after acquiring an additional 41,990 shares during the period. Arizona State Retirement System grew its position in RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after acquiring an additional 5,356 shares in the last quarter. Finally, Redwood Financial Network Corp purchased a new stake in RTX during the first quarter worth about $243,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at RTX

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, the insider 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by corporate insiders.

RTX Price Performance

RTX stock opened at $160.63 on Tuesday. 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 company has a fifty day simple moving average of $159.31 and a 200-day simple moving average of $146.31. The stock has a market cap of $215.02 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $170.85.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating 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 return on equity of 12.89% and a net margin of 7.35%.RTX’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.41 earnings per share. Equities analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on RTX. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. The Goldman Sachs Group increased their target price on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. JPMorgan Chase & Co. boosted their price target on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price objective on shares of RTX in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

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.