RTX Corporation $RTX Stock Holdings Increased by Pure Financial Advisors LLC

Pure Financial Advisors LLC increased its stake in RTX Corporation (NYSE:RTX) by 149.8% during the second quarter, HoldingsChannel.com reports. The fund owned 42,489 shares of the company’s stock after buying an additional 25,479 shares during the period. Pure Financial Advisors LLC’s holdings in RTX were worth $6,204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of RTX. Brighton Jones LLC boosted its position in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares during the last quarter. RFG Advisory LLC lifted its position in shares of RTX by 0.5% during the 1st quarter. RFG Advisory LLC now owns 19,996 shares of the company’s stock worth $2,649,000 after purchasing an additional 95 shares during the last quarter. Smith Anglin Financial LLC acquired a new position in shares of RTX during the 1st quarter worth about $217,000. Finally, Apella Capital LLC increased its stake in RTX by 111.7% during the first quarter. Apella Capital LLC now owns 4,975 shares of the company’s stock valued at $639,000 after acquiring an additional 2,625 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on RTX shares. Barclays boosted their target price on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research note on Monday, July 21st. Susquehanna upped their price objective on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. UBS Group increased their target price on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Finally, Bank of America increased their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.87.

RTX Stock Performance

NYSE:RTX opened at $167.37 on Thursday. The company has a market capitalization of $224.03 billion, a PE ratio of 36.78, a P/E/G ratio of 3.08 and a beta of 0.66. 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 quick ratio of 0.75 and a current ratio of 1.01. The company has a 50 day simple moving average of $157.75 and a two-hundred day simple moving average of $143.42.

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

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.