RTX Corporation $RTX Stake Reduced by Elefante Mark B

Elefante Mark B lessened its holdings in shares of RTX Corporation (NYSE:RTX) by 0.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 28,418 shares of the company’s stock after selling 115 shares during the quarter. RTX comprises approximately 3.1% of Elefante Mark B’s holdings, making the stock its 14th largest position. Elefante Mark B’s holdings in RTX were worth $4,150,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RTX. Brighton Jones LLC boosted its position in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC boosted its position in 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 acquiring an additional 159 shares during the period. GAMMA Investing LLC boosted its position in RTX by 12.8% during the 1st quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock worth $4,163,000 after acquiring an additional 3,561 shares during the period. Dynamic Advisor Solutions LLC boosted its position in RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock worth $4,591,000 after acquiring an additional 2,686 shares during the period. Finally, Foster Victor Wealth Advisors LLC boosted its position in RTX by 2.1% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 3,934 shares of the company’s stock worth $505,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.7%

Shares of NYSE RTX opened at $158.83 on Tuesday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85. The company has a market cap of $212.59 billion, a price-to-earnings ratio of 34.91, a P/E/G ratio of 2.93 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 business has a fifty day simple moving average of $159.02 and a 200-day simple moving average of $145.30.

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

Insider Transactions at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. UBS Group upped their price objective on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Citigroup upped their price objective on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Susquehanna upped their price objective on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a report on Wednesday, July 23rd. Two 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. According to data from MarketBeat.com, RTX has a consensus 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.