RTX Corporation $RTX Shares Sold by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP decreased its position in RTX Corporation (NYSE:RTX) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,473 shares of the company’s stock after selling 165 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in RTX were worth $361,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Bay Capital Advisors LLC bought a new stake in shares of RTX in the 1st quarter worth approximately $224,000. Brookwood Investment Group LLC bought a new stake in shares of RTX in the 1st quarter worth approximately $1,288,000. LBP AM SA lifted its holdings in shares of RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after purchasing an additional 41,990 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after purchasing an additional 5,356 shares during the last quarter. Finally, Redwood Financial Network Corp bought a new stake in shares of RTX in the 1st quarter worth approximately $243,000. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In related news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,469 shares of company stock worth $7,364,841 in the last three months. 0.15% of the stock is currently owned by insiders.

RTX Stock Down 0.4%

Shares of RTX stock opened at $178.79 on Friday. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $180.50. The stock has a market cap of $239.72 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 3.19 and a beta of 0.66. The business’s fifty day moving average is $161.09 and its 200-day moving average is $147.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.07.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company had revenue of $22.48 billion for the quarter, compared to analysts’ expectations of $21.26 billion. During the same period last year, the firm earned $1.45 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. lifted their target price on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.80.

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.