Waldron Private Wealth LLC Raises Position in RTX Corporation $RTX

Waldron Private Wealth LLC increased its holdings in shares of RTX Corporation (NYSE:RTX) by 8.1% during the second quarter, Holdings Channel.com reports. The fund owned 14,812 shares of the company’s stock after buying an additional 1,108 shares during the period. Waldron Private Wealth LLC’s holdings in RTX were worth $2,163,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of RTX. MorganRosel Wealth Management LLC purchased a new stake in RTX in the first quarter valued at approximately $26,000. PFS Partners LLC boosted its stake in shares of RTX by 101.1% during 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 acquired a new stake in RTX in the first quarter valued at about $40,000. McClarren Financial Advisors Inc. acquired a new stake in RTX in the first quarter valued at about $44,000. Finally, Briaud Financial Planning Inc increased its stake in shares of RTX by 25.4% during the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RTX. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 target price on shares of RTX in a report on Wednesday, October 8th. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. The Goldman Sachs Group increased their target price on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday. Sanford C. Bernstein raised their target price on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Finally, Morgan Stanley set a $215.00 target price on shares of RTX and gave the company an “overweight” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average target price of $175.80.

RTX Stock Down 0.4%

Shares of RTX stock opened at $178.79 on Friday. The firm has a fifty day moving average of $161.09 and a 200-day moving average of $147.74. The company has a quick ratio of 0.75, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $180.50. The company has a market capitalization of $239.72 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 3.19 and a beta of 0.66.

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

Insider Buying and Selling at RTX

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

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.