Nvest Financial LLC Sells 1,057 Shares of RTX Corporation $RTX

Nvest Financial LLC lowered its holdings in shares of RTX Corporation (NYSE:RTX) by 4.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 23,049 shares of the company’s stock after selling 1,057 shares during the quarter. RTX accounts for about 1.8% of Nvest Financial LLC’s investment portfolio, making the stock its 18th largest holding. Nvest Financial LLC’s holdings in RTX were worth $3,366,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. Uptick Partners LLC lifted its position in RTX by 100.0% during the 2nd quarter. Uptick Partners LLC now owns 3,270 shares of the company’s stock valued at $477,000 after acquiring an additional 1,635 shares during the period. Chesapeake Wealth Management grew its stake in shares of RTX by 7.2% in the second quarter. Chesapeake Wealth Management now owns 13,081 shares of the company’s stock worth $1,910,000 after acquiring an additional 880 shares during the period. Ritholtz Wealth Management grew its stake in shares of RTX by 15.1% in the second quarter. Ritholtz Wealth Management now owns 42,758 shares of the company’s stock worth $6,244,000 after acquiring an additional 5,621 shares during the period. Sterling Financial Planning Inc. boosted its holdings in shares of RTX by 136.2% in the second quarter. Sterling Financial Planning Inc. now owns 12,657 shares of the company’s stock worth $1,848,000 after buying an additional 7,298 shares during the last quarter. Finally, Private Wealth Asset Management LLC boosted its holdings in shares of RTX by 3.3% in the second quarter. Private Wealth Asset Management LLC now owns 13,857 shares of the company’s stock worth $2,023,000 after buying an additional 444 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

RTX opened at $156.94 on Thursday. 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 firm has a market capitalization of $210.07 billion, a PE ratio of 34.49, a P/E/G ratio of 2.96 and a beta of 0.66. The firm has a 50 day moving average of $159.11 and a two-hundred day moving average of $145.47. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $170.85.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating 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 firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same period in the previous year, the firm earned $1.41 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Insider Buying and Selling at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. Corporate insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Barclays lifted their price target on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Citigroup boosted their price target 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. Morgan Stanley boosted their price target on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.