Petros Family Wealth LLC Decreases Holdings in RTX Corporation $RTX

Petros Family Wealth LLC decreased its position in shares of RTX Corporation (NYSE:RTX) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,786 shares of the company’s stock after selling 103 shares during the quarter. RTX accounts for about 0.9% of Petros Family Wealth LLC’s holdings, making the stock its 29th biggest position. Petros Family Wealth LLC’s holdings in RTX were worth $991,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MorganRosel Wealth Management LLC purchased a new stake in RTX in the 1st quarter valued at approximately $26,000. PFS Partners LLC raised its position in shares of RTX by 101.1% in the 2nd 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 purchased a new position in shares of RTX in the 1st quarter worth $40,000. McClarren Financial Advisors Inc. purchased a new position in shares of RTX in the 1st quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in RTX in the first quarter valued at about $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RTX shares. JPMorgan Chase & Co. raised their price objective 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 price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Morgan Stanley lifted their price target on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, The Goldman Sachs Group lifted their price target on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Three 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.87.

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was 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 $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. 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 90 days. 0.15% of the stock is currently owned by insiders.

RTX Trading Up 0.1%

NYSE RTX opened at $166.73 on Monday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $168.28. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The stock has a market cap of $223.18 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 3.07 and a beta of 0.66. The firm’s 50 day moving average price is $158.18 and its two-hundred day moving average price is $144.02.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share 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 business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. RTX’s revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

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.