Lmcg Investments LLC Lowers Stake in RTX Corporation $RTX

Lmcg Investments LLC reduced its stake in shares of RTX Corporation (NYSE:RTX) by 2.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,902 shares of the company’s stock after selling 164 shares during the quarter. Lmcg Investments LLC’s holdings in RTX were worth $1,008,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC purchased a new position in RTX during the 1st quarter valued at about $26,000. PFS Partners LLC boosted its stake in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC purchased a new position in RTX during the first quarter valued at approximately $40,000. McClarren Financial Advisors Inc. purchased a new position in RTX during the first quarter valued at approximately $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in RTX during the first quarter valued at approximately $50,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In related 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 completion of the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 16,442 shares of the company’s stock, 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 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 Stock Performance

Shares of RTX stock opened at $157.64 on Friday. The firm has a market capitalization of $211.01 billion, a P/E ratio of 34.65, a PEG ratio of 2.91 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average price of $159.00 and a 200 day moving average price of $145.03. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion during 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 was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price objective (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Susquehanna lifted their price objective on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. Morgan Stanley increased their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Citigroup raised their price target on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

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.