Mountain Pacific Investment Advisers LLC Has $1.20 Million Position in RTX Corporation $RTX

Mountain Pacific Investment Advisers LLC trimmed its position in RTX Corporation (NYSE:RTX) by 12.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,214 shares of the company’s stock after selling 1,117 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in RTX were worth $1,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Gries Financial LLC grew its position in RTX by 0.7% during the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after acquiring an additional 69 shares during the last quarter. TrueWealth Advisors LLC boosted its stake in shares of RTX by 3.6% during the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock valued at $293,000 after purchasing an additional 70 shares in the last quarter. RMR Wealth Builders grew its holdings in shares of RTX by 3.6% during the second quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock worth $297,000 after purchasing an additional 70 shares during the last quarter. Verum Partners LLC increased its stake in shares of RTX by 1.8% in the second quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock valued at $598,000 after buying an additional 73 shares during the period. Finally, Hamilton Capital LLC raised its holdings in RTX by 3.6% in the 1st quarter. Hamilton Capital LLC now owns 2,122 shares of the company’s stock valued at $281,000 after buying an additional 74 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders 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 stock opened at $167.37 on Thursday. 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 business has a 50-day moving average price of $157.75 and a two-hundred day moving average price of $143.42. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $168.28. The company has a market cap of $224.03 billion, a P/E ratio of 36.78, a PEG ratio of 3.08 and a beta of 0.66.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating 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 company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the previous year, the business earned $1.41 EPS. The firm’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. As a group, analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research note on Monday, July 21st. Citigroup increased their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. The Goldman Sachs Group lifted their target price on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

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.