Syntax Research Inc. Sells 240 Shares of RTX Corporation $RTX

Syntax Research Inc. decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,199 shares of the company’s stock after selling 240 shares during the quarter. Syntax Research Inc.’s holdings in RTX were worth $759,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new position in RTX in the 1st quarter valued at approximately $26,000. PFS Partners LLC raised its holdings in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after acquiring an additional 89 shares in the last quarter. Summit Securities Group LLC acquired a new position in RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new position in RTX in the 1st quarter valued at approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in RTX in the 1st quarter valued at approximately $50,000. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction on 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 completion of the transaction, the vice president owned 30,004 shares in the company, valued at $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 sold 56,635 shares of company stock worth $8,947,010 over the last 90 days. Company insiders own 0.15% of the company’s stock.

RTX Trading Down 0.3%

Shares of RTX opened at $166.68 on Friday. The stock has a market cap of $223.11 billion, a PE ratio of 36.63, a PEG ratio of 3.08 and a beta of 0.66. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $168.28. The stock has a 50 day simple moving average of $157.98 and a 200-day simple moving average of $143.66. 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 results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on RTX shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a report on Monday, July 21st. Morgan Stanley upped their price target on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. UBS Group upped their price target on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Finally, Wall Street Zen cut RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Three 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 company’s stock. Based on data from MarketBeat.com, RTX presently has an average 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.