First Pacific Financial Has $3.31 Million Stock Holdings in RTX Corporation $RTX

First Pacific Financial boosted its holdings in shares of RTX Corporation (NYSE:RTX) by 22,561.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 22,661 shares of the company’s stock after acquiring an additional 22,561 shares during the period. First Pacific Financial’s holdings in RTX were worth $3,309,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RTX. Nuveen LLC bought a new position in shares of RTX during the first quarter worth $916,739,000. Goldman Sachs Group Inc. boosted its position in shares of RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock worth $845,784,000 after purchasing an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after purchasing an additional 1,117,506 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of RTX during the first quarter worth $130,194,000. 86.50% of the stock is owned by institutional investors.

Insider Activity at RTX

In other news, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last ninety days. Company insiders own 0.15% of the company’s stock.

RTX Stock Up 2.2%

RTX stock opened at $167.31 on Wednesday. The firm has a market capitalization of $223.95 billion, a PE ratio of 36.77, a P/E/G ratio of 3.02 and a beta of 0.67. The company’s 50-day moving average is $157.53 and its 200-day moving average is $143.25. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $168.28. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RTX. Morgan Stanley lifted their price target on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein boosted their price objective on shares of RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a research report on Wednesday, September 10th. Bank of America boosted their price objective on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Citigroup boosted their price objective on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

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.