Consolidated Planning Corp Has $5.09 Million Position in RTX Corporation $RTX

Consolidated Planning Corp increased its position in RTX Corporation (NYSE:RTX) by 0.3% during the second quarter, Holdings Channel.com reports. The firm owned 34,857 shares of the company’s stock after buying an additional 98 shares during the quarter. Consolidated Planning Corp’s holdings in RTX were worth $5,090,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RTX. MorganRosel Wealth Management LLC purchased a new position in RTX during the 1st quarter valued at about $26,000. PFS Partners LLC lifted its position in 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 last quarter. Summit Securities Group LLC bought a new stake in RTX in the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new stake in RTX in the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in RTX in the first quarter valued at approximately $50,000. 86.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Troy D. Brunk sold 7,654 shares of the firm’s 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 transaction, the insider owned 16,442 shares of the company’s stock, 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 56,635 shares of company stock valued at $8,947,010 in the last 90 days. Corporate insiders own 0.15% of the company’s stock.

RTX Price Performance

RTX opened at $167.37 on Thursday. The stock has a fifty day simple moving average of $157.75 and a two-hundred day simple moving average of $143.42. 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 company has a market cap of $224.03 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 3.08 and a beta of 0.66. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $168.28.

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

Analyst Ratings Changes

Several analysts have weighed in on RTX shares. Morgan Stanley boosted their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Citigroup upped their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. UBS Group upped their target price on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Bank of America upped their target price on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Barclays upped 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. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued 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 $158.87.

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.