Noesis Capital Mangement Corp Sells 73 Shares of RTX Corporation $RTX

Noesis Capital Mangement Corp decreased its holdings in RTX Corporation (NYSE:RTX) by 4.7% in the second quarter, Holdings Channel reports. The firm owned 1,475 shares of the company’s stock after selling 73 shares during the quarter. Noesis Capital Mangement Corp’s holdings in RTX were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RTX. Brighton Jones LLC increased its holdings in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares in the last quarter. Sovran Advisors LLC purchased a new position in shares of RTX in the 1st quarter worth $237,000. Lodestar Private Asset Management LLC purchased a new position in shares of RTX in the 1st quarter worth $216,000. Finally, Mather Group LLC. boosted its stake in shares of RTX by 11.2% in the 1st quarter. Mather Group LLC. now owns 14,880 shares of the company’s stock worth $1,971,000 after buying an additional 1,502 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $176.28 on Thursday. The company has a market capitalization of $236.35 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 2.83 and a beta of 0.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The business’s fifty day moving average is $162.45 and its 200 day moving average is $148.93. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. The company had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.RTX’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on RTX shares. Robert W. Baird set a $203.00 price target on RTX in a research note on Wednesday, October 22nd. UBS Group raised their price target on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Sanford C. Bernstein raised their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Susquehanna raised their price target on RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Finally, Barclays raised their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Two investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

Insider Buying and Selling

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the sale, the executive vice president directly owned 59,556 shares in the company, valued at approximately $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,318 shares of company stock valued at $8,238,388 over the last three months. 0.15% of the stock is currently owned by company insiders.

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.