High Note Wealth LLC Has $3.79 Million Stock Holdings in RTX Corporation $RTX

High Note Wealth LLC increased its stake in shares of RTX Corporation (NYSE:RTX) by 2.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 25,955 shares of the company’s stock after buying an additional 668 shares during the period. High Note Wealth LLC’s holdings in RTX were worth $3,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MorganRosel Wealth Management LLC bought a new position in shares of RTX in the first quarter worth about $26,000. PFS Partners LLC raised its position in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new position in RTX during the 1st quarter worth $40,000. McClarren Financial Advisors Inc. bought a new position in RTX in the 1st quarter valued at $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of RTX in the 1st quarter valued at $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $169.03 on Tuesday. 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 company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company has a fifty day moving average price of $158.44 and a 200-day moving average price of $144.27. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $169.75.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period last year, the firm earned $1.41 EPS. RTX’s revenue for the quarter was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last three months. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America upped their price target on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Morgan Stanley increased their price objective on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock 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.