Charles Schwab Trust Co Grows Holdings in RTX Corporation $RTX

Charles Schwab Trust Co grew its holdings in RTX Corporation (NYSE:RTX) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,729 shares of the company’s stock after purchasing an additional 125 shares during the period. Charles Schwab Trust Co’s holdings in RTX were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of RTX. MorganRosel Wealth Management LLC acquired a new position in shares of RTX in the 1st quarter valued at $26,000. PFS Partners LLC boosted its position in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the period. Summit Securities Group LLC bought a new position in RTX during the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in RTX in the 1st quarter valued at approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of RTX in the 1st quarter worth $50,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $163.50 on Friday. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $165.35. The business has a 50-day moving average price of $156.93 and a two-hundred day moving average price of $142.75. 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 cap of $218.85 billion, a P/E ratio of 35.93, a PEG ratio of 3.01 and a beta of 0.67.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) 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 company had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the previous year, the company earned $1.41 earnings per share. RTX’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. As a group, analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RTX. Susquehanna boosted their target price on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Bank of America lifted their target price on shares of RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.87.

About RTX

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.