Family Capital Trust Co Decreases Stock Holdings in RTX Corporation $RTX

Family Capital Trust Co decreased its holdings in RTX Corporation (NYSE:RTX) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,257 shares of the company’s stock after selling 2,148 shares during the quarter. RTX accounts for approximately 1.8% of Family Capital Trust Co’s holdings, making the stock its 17th biggest position. Family Capital Trust Co’s holdings in RTX were worth $5,294,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RTX. MorganRosel Wealth Management LLC bought a new stake in shares of RTX during the 1st quarter valued at about $26,000. PFS Partners LLC grew its stake in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC bought a new stake in shares of RTX during the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. bought a new stake in shares of RTX during the 1st quarter valued at about $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of RTX during the 1st quarter valued at about $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 over the last ninety days. 0.15% of the stock is owned by company insiders.

RTX Trading Up 0.6%

Shares of NYSE:RTX opened at $158.04 on Monday. The stock has a 50 day moving average of $159.20 and a 200 day moving average of $146.01. The company has a market cap of $211.55 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $170.85.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the previous year, the company posted $1.41 EPS. The firm’s 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, equities research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on RTX. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price target on shares of RTX in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Barclays boosted their price target on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently 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.