RTX Corporation $RTX Stock Holdings Lessened by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC reduced its holdings in RTX Corporation (NYSE:RTX) by 27.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,720 shares of the company’s stock after selling 6,351 shares during the quarter. Transcend Capital Advisors LLC’s holdings in RTX were worth $2,442,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of RTX. MorganRosel Wealth Management LLC bought a new position in RTX in the first quarter worth about $26,000. PFS Partners LLC lifted its holdings in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of RTX in the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new stake in shares of RTX in the 1st quarter worth approximately $44,000. Finally, Briaud Financial Planning Inc lifted its stake in RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RTX. JPMorgan Chase & Co. raised their target price on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a report on Monday, July 21st. Robert W. Baird set a $203.00 price target on RTX in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research note on Saturday. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

Insiders Place Their Bets

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business’s 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 directly owned 16,442 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 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 completion of the sale, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,469 shares of company stock worth $7,364,841. 0.15% of the stock is owned by corporate insiders.

RTX Price Performance

Shares of NYSE:RTX opened at $179.31 on Tuesday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $180.50. The stock has a market cap of $240.42 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 3.12 and a beta of 0.66. The stock’s 50 day moving average price is $161.56 and its 200 day moving average price is $148.23. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.81.

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

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.