NorthRock Partners LLC Increases Holdings in RTX Corporation $RTX

NorthRock Partners LLC grew its holdings in shares of RTX Corporation (NYSE:RTX) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,946 shares of the company’s stock after buying an additional 1,037 shares during the quarter. NorthRock Partners LLC’s holdings in RTX were worth $3,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of 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 buying an additional 3,332 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the period. GAMMA Investing LLC boosted its position in shares of RTX by 12.8% during the first quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock valued at $4,163,000 after buying an additional 3,561 shares during the period. Goldstone Financial Group LLC boosted its position in shares of RTX by 8.8% during the first quarter. Goldstone Financial Group LLC now owns 2,829 shares of the company’s stock valued at $375,000 after buying an additional 229 shares during the period. Finally, Motive Wealth Advisors purchased a new position in shares of RTX during the first quarter valued at approximately $207,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup raised their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price objective (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Bank of America increased their price objective on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein raised their target price on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.13.

RTX Trading Down 2.8%

NYSE:RTX opened at $157.64 on Monday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85. The firm has a fifty day simple moving average of $159.00 and a 200-day simple moving average of $145.11. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $211.01 billion, a P/E ratio of 34.65, a PEG ratio of 2.93 and a beta of 0.66.

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

Insider Buying and Selling

In other RTX news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction 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 owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last ninety days. Company insiders own 0.15% of the company’s stock.

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.