Dempze Nancy E Has $4.75 Million Position in RTX Corporation $RTX

Dempze Nancy E trimmed its holdings in shares of RTX Corporation (NYSE:RTX) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,559 shares of the company’s stock after selling 89 shares during the quarter. RTX makes up about 2.7% of Dempze Nancy E’s investment portfolio, making the stock its 10th largest holding. Dempze Nancy E’s holdings in RTX were worth $4,754,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. PFS Partners LLC grew its position in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $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 approximately $26,000. Summit Securities Group LLC bought a new position in shares of RTX in the first quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX in the first quarter worth approximately $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of RTX in the first quarter worth approximately $50,000. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price target on shares of RTX in a research report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. Citigroup boosted their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Susquehanna boosted their target price on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $164.13.

RTX Price Performance

RTX stock opened at $168.47 on Thursday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $158.89 and a two-hundred day simple moving average of $144.61. The firm has a market capitalization of $225.50 billion, a P/E ratio of 37.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same quarter last year, the business earned $1.41 earnings per share. RTX’s quarterly 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. Analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Transactions at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction dated 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 owned 17,684 shares in the company, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares of the company’s stock, valued at $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 ninety days, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by insiders.

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.