M. Kraus & Co Has $11.69 Million Stake in RTX Corporation $RTX

M. Kraus & Co cut its holdings in RTX Corporation (NYSE:RTX) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,077 shares of the company’s stock after selling 1,147 shares during the period. RTX makes up approximately 3.4% of M. Kraus & Co’s portfolio, making the stock its 6th biggest position. M. Kraus & Co’s holdings in RTX were worth $11,693,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in RTX. MorganRosel Wealth Management LLC bought a new position in shares of RTX in the 1st quarter worth about $26,000. PFS Partners LLC increased its position 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 buying an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new stake in RTX in the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. bought a new stake in RTX in the 1st quarter valued at about $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in RTX in the 1st quarter valued at about $50,000. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by insiders.

RTX Price Performance

Shares of NYSE RTX opened at $162.08 on Friday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $170.85. The stock’s 50 day moving average price is $158.98 and its 200-day moving average price is $144.80. The company has a market capitalization of $216.95 billion, a PE ratio of 35.62, a PEG ratio of 3.11 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the previous year, the business earned $1.41 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. 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.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RTX shares. Citigroup boosted their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research report on Wednesday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, Bank of America boosted their price objective on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $164.13.

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.