RTX Corporation $RTX Stock Position Raised by Cohen Investment Advisors LLC

Cohen Investment Advisors LLC lifted its stake in shares of RTX Corporation (NYSE:RTX) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,276 shares of the company’s stock after acquiring an additional 719 shares during the quarter. RTX accounts for 2.3% of Cohen Investment Advisors LLC’s portfolio, making the stock its 13th largest holding. Cohen Investment Advisors LLC’s holdings in RTX were worth $4,421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of RTX. Brighton Jones LLC lifted its holdings in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of RTX by 4.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 13,474 shares of the company’s stock valued at $1,785,000 after purchasing an additional 518 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of RTX by 12.8% in the first quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock valued at $4,163,000 after purchasing an additional 3,561 shares in the last quarter. Finally, Fiduciary Financial Group LLC purchased a new stake in shares of RTX in the first quarter valued at $262,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barclays increased their target price on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Morgan Stanley increased their price objective on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price objective on shares of RTX in a report on Wednesday. Citigroup increased their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a 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 assigned a Hold rating to the company. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $164.13.

RTX Price Performance

Shares of RTX stock opened at $168.47 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $158.89 and a 200-day simple moving average of $144.61. The stock has a market capitalization of $225.50 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 3.12 and a beta of 0.66. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $170.85.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Activity

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 over the last 90 days. Company insiders own 0.15% of the company’s stock.

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.