PFS Partners LLC Grows Stake in RTX Corporation $RTX

PFS Partners LLC lifted its position in RTX Corporation (NYSE:RTX) by 101.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177 shares of the company’s stock after buying an additional 89 shares during the period. PFS Partners LLC’s holdings in RTX were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Investment Partners Asset Management Inc. purchased a new position in RTX in the second quarter worth about $206,000. Destiny Wealth Partners LLC purchased a new position in shares of RTX in the second quarter worth approximately $497,000. ST Germain D J Co. Inc. boosted its holdings in shares of RTX by 11.9% in the second quarter. ST Germain D J Co. Inc. now owns 12,831 shares of the company’s stock worth $1,874,000 after buying an additional 1,362 shares during the last quarter. Spinnaker Investment Group LLC boosted its holdings in shares of RTX by 4.5% in the second quarter. Spinnaker Investment Group LLC now owns 2,264 shares of the company’s stock worth $331,000 after buying an additional 97 shares during the last quarter. Finally, FCG Investment Co purchased a new position in shares of RTX during the 2nd quarter worth $815,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RTX has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Morgan Stanley lifted their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group lifted their price target on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Barclays lifted their target price on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $158.87.

RTX Price Performance

RTX stock opened at $163.50 on Friday. RTX Corporation has a one year low of $112.27 and a one year high of $165.35. The company’s fifty day moving average price is $156.93 and its 200-day moving average price is $142.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The company has a market capitalization of $218.85 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 2.96 and a beta of 0.67.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock valued at $8,947,010 in the last ninety days. Company insiders own 0.15% of the company’s stock.

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.