RTX Corporation $RTX Shares Acquired by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,601 shares of the company’s stock after buying an additional 127 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in RTX were worth $1,986,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new position in shares of RTX in the 1st quarter valued at $26,000. PFS Partners LLC lifted its position in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new position in RTX in the first quarter valued at about $40,000. McClarren Financial Advisors Inc. purchased a new position in RTX during the first quarter worth about $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of RTX during the first quarter valued at about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RTX. The Goldman Sachs Group upped their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Sanford C. Bernstein increased their target price on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $160.47.

Insider Activity at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock worth $8,947,010 over the last ninety days. 0.15% of the stock is currently owned by insiders.

RTX Trading Up 1.5%

RTX opened at $169.03 on Tuesday. The business has a fifty day moving average price of $158.44 and a 200 day moving average price of $144.27. 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 Corporation has a 12 month low of $112.27 and a 12 month high of $169.75. The stock has a market capitalization of $226.25 billion, a price-to-earnings ratio of 37.15, a PEG ratio of 3.07 and a beta of 0.66.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter last year, the business posted $1.41 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Company 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.