Autumn Glory Partners LLC Reduces Stock Holdings in RTX Corporation $RTX

Autumn Glory Partners LLC lowered its stake in RTX Corporation (NYSE:RTX) by 22.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,194 shares of the company’s stock after selling 3,895 shares during the quarter. Autumn Glory Partners LLC’s holdings in RTX were worth $1,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. PFS Partners LLC raised its stake in shares of RTX by 101.1% in 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. MorganRosel Wealth Management LLC bought a new position in shares of RTX in the first quarter worth about $26,000. Summit Securities Group LLC bought a new position in shares of RTX in the first quarter worth about $40,000. McClarren Financial Advisors Inc. bought a new stake in RTX during the 1st quarter valued at approximately $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in RTX during the 1st quarter valued at approximately $50,000. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on RTX. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research note on Monday, July 21st. Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research note on Saturday, September 27th. The Goldman Sachs Group lifted their target price on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average target price of $158.87.

RTX Stock Performance

NYSE:RTX opened at $166.73 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $168.28. The stock’s 50 day simple moving average is $158.18 and its two-hundred day simple moving average is $144.02. The company 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.

RTX (NYSE:RTX) last released 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. 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 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction that occurred 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. The trade was a 9.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by corporate insiders.

RTX 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.