RTX Corporation $RTX Shares Bought by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. grew its stake in RTX Corporation (NYSE:RTXFree Report) by 9.2% during the third quarter, HoldingsChannel.com reports. The firm owned 99,964 shares of the company’s stock after purchasing an additional 8,412 shares during the period. RTX makes up approximately 1.0% of Adell Harriman & Carpenter Inc.’s holdings, making the stock its 28th biggest holding. Adell Harriman & Carpenter Inc.’s holdings in RTX were worth $16,727,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. bought a new position in RTX during the third quarter worth $30,000. SOA Wealth Advisors LLC. raised its holdings in shares of RTX by 57.4% during the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after purchasing an additional 70 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in shares of RTX during the second quarter worth $29,000. Access Investment Management LLC bought a new position in shares of RTX in the 2nd quarter worth about $31,000. Finally, Clayton Financial Group LLC acquired a new position in shares of RTX in the 3rd quarter valued at about $36,000. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $203.95 on Wednesday. The stock has a market cap of $273.45 billion, a P/E ratio of 41.12, a P/E/G ratio of 2.92 and a beta of 0.43. The firm’s 50-day simple moving average is $186.22 and its 200 day simple moving average is $171.43. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $205.36. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.51.

RTX (NYSE:RTXGet Free Report) last released its earnings results on Tuesday, January 27th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.47 by $0.08. The firm had revenue of $24.24 billion for the quarter, compared to analysts’ expectations of $22.65 billion. RTX had a net margin of 7.60% and a return on equity of 13.08%. RTX’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities analysts expect that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. TD Cowen reissued a “buy” rating on shares of RTX in a report on Tuesday, January 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $204.00 price target on shares of RTX in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price objective on shares of RTX in a research note on Wednesday, October 8th. Vertical Research reiterated a “buy” rating and issued a $227.00 target price on shares of RTX in a research note on Tuesday, January 27th. Finally, Susquehanna reissued a “positive” rating and set a $230.00 price target on shares of RTX in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.89.

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About RTX

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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