RTX Corporation $RTX Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC cut its holdings in RTX Corporation (NYSE:RTX) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,498 shares of the company’s stock after selling 339 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in RTX were worth $2,117,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Brookstone Capital Management increased its stake in RTX by 4.0% in the second quarter. Brookstone Capital Management now owns 108,302 shares of the company’s stock valued at $15,814,000 after purchasing an additional 4,214 shares during the period. Phillips Financial Management LLC increased its stake in RTX by 13.0% in the second quarter. Phillips Financial Management LLC now owns 1,720 shares of the company’s stock valued at $251,000 after purchasing an additional 198 shares during the period. Citizens & Northern Corp acquired a new position in RTX in the second quarter valued at $1,662,000. Jacobsen Capital Management increased its stake in RTX by 3.1% in the second quarter. Jacobsen Capital Management now owns 3,647 shares of the company’s stock valued at $533,000 after purchasing an additional 110 shares during the period. Finally, D.A. Davidson & CO. increased its stake in RTX by 21.9% in the second quarter. D.A. Davidson & CO. now owns 956,165 shares of the company’s stock valued at $139,619,000 after purchasing an additional 171,731 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the business’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 in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,469 shares of company stock valued at $7,364,841. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Sanford C. Bernstein boosted their price target on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. The Goldman Sachs Group boosted their price target on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Bank of America boosted their price target on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Two investment 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, RTX currently has an average rating of “Moderate Buy” and an average target price of $175.80.

RTX Stock Up 2.8%

RTX stock opened at $177.86 on Thursday. The company has a market cap of $238.07 billion, a P/E ratio of 36.52, a P/E/G ratio of 3.10 and a beta of 0.66. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $178.76. The company’s 50-day moving average price is $160.11 and its 200 day moving average price is $146.72. 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, October 21st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The firm 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 13.45%. The firm’s revenue was up 11.9% on a year-over-year basis. 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. On average, research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

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.