Naviter Wealth LLC Acquires 347 Shares of RTX Corporation $RTX

Naviter Wealth LLC lifted its holdings in RTX Corporation (NYSE:RTX) by 1.8% during the second quarter, HoldingsChannel reports. The firm owned 20,168 shares of the company’s stock after purchasing an additional 347 shares during the period. Naviter Wealth LLC’s holdings in RTX were worth $2,945,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new position in shares of RTX in the first quarter worth about $26,000. PFS Partners LLC increased its stake in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC bought a new position in shares of RTX in the first quarter worth about $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX in the first quarter worth about $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in RTX during the first quarter valued at about $50,000. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 available through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last ninety days. 0.15% of the stock is owned by insiders.

RTX Trading Up 0.7%

RTX stock opened at $158.83 on Tuesday. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $170.85. The firm has a market cap of $212.59 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.93 and a beta of 0.66. The business’s 50 day moving average is $159.02 and its 200-day moving average is $145.30. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share 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 company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the prior year, the company posted $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. Equities analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RTX. Susquehanna boosted their price target on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Bank of America boosted 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. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Sanford C. Bernstein boosted their price target on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Two 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

RTX 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.