1,464 Shares in RTX Corporation $RTX Purchased by Human Investing LLC

Human Investing LLC purchased a new position in RTX Corporation (NYSE:RTX) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,464 shares of the company’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Cornerstone Advisory LLC raised its position in shares of RTX by 0.9% during the second quarter. Cornerstone Advisory LLC now owns 7,490 shares of the company’s stock worth $1,094,000 after purchasing an additional 64 shares during the period. Briaud Financial Planning Inc raised its position in shares of RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after purchasing an additional 65 shares during the period. Gries Financial LLC raised its position in RTX by 0.7% in the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after buying an additional 69 shares during the last quarter. M3 Advisory Group LLC raised its position in RTX by 2.7% in the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock valued at $384,000 after buying an additional 69 shares during the last quarter. Finally, TrueWealth Advisors LLC raised its position in RTX by 3.6% in the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock valued at $293,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.3%

RTX stock opened at $178.76 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $162.06 and a two-hundred day moving average price of $148.59. The company has a market cap of $239.67 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 3.11 and a beta of 0.66. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31.

RTX (NYSE:RTX) last posted its quarterly 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 firm had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The business’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction that occurred 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 owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 51,318 shares of company stock valued at $8,238,388. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RTX. Bank of America lifted their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday. Morgan Stanley set a $215.00 target price on RTX and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. 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 report on Wednesday, July 23rd. Barclays lifted their target price on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

RTX Company 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.