Eagle Strategies LLC Buys 78 Shares of RTX Corporation $RTX

Eagle Strategies LLC grew its stake in RTX Corporation (NYSE:RTX) by 0.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 17,838 shares of the company’s stock after purchasing an additional 78 shares during the quarter. Eagle Strategies LLC’s holdings in RTX were worth $2,605,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RTX. Nuveen LLC bought a new position in shares of RTX in the 1st quarter valued at about $916,739,000. Goldman Sachs Group Inc. grew its holdings in shares of RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after acquiring an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after acquiring an additional 1,357,328 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of RTX by 1,178.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after acquiring an additional 1,117,506 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in RTX during the first quarter worth about $130,194,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.5%

Shares of RTX stock opened at $168.47 on Thursday. The firm has a 50 day moving average price of $158.89 and a two-hundred day moving average price of $144.61. 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 company has a market capitalization of $225.50 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $170.85.

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

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred on 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 completion of 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 ownership of the stock. The transaction 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 RTX stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock valued at $8,947,010 in the last quarter. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

RTX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price target on shares of RTX in a report on Wednesday. Morgan Stanley lifted their price target on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Wednesday. Finally, The Goldman Sachs Group lifted their price target on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Two 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $164.13.

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.