RTX Corporation $RTX Shares Purchased by Analyst IMS Investment Management Services Ltd.

Analyst IMS Investment Management Services Ltd. increased its stake in shares of RTX Corporation (NYSE:RTX) by 107.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,819 shares of the company’s stock after acquiring an additional 4,052 shares during the quarter. Analyst IMS Investment Management Services Ltd.’s holdings in RTX were worth $1,142,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after acquiring an additional 104,139 shares in the last quarter. Invesco Ltd. raised its stake in RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after acquiring an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after acquiring an additional 65,493 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in RTX during the 1st quarter worth $916,739,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Down 0.3%

Shares of NYSE:RTX opened at $178.76 on Wednesday. The company has a market cap of $239.67 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.11 and a beta of 0.66. The firm’s 50-day simple moving average is $162.06 and its 200-day simple moving average is $148.59. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $181.31.

RTX (NYSE:RTX) last issued 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 business had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Activity

In other news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of RTX 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 completion of the sale, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 51,318 shares of company stock worth $8,238,388 in the last ninety days. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on RTX shares. Susquehanna raised their price objective on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Sanford C. Bernstein raised their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday, October 6th. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research report on Monday, July 21st. Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Bank of America raised their price objective on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average target price of $178.47.

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.