Callan Family Office LLC Boosts Holdings in RTX Corporation $RTX

Callan Family Office LLC increased its holdings in RTX Corporation (NYSE:RTX) by 194.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,786 shares of the company’s stock after buying an additional 72,539 shares during the quarter. Callan Family Office LLC’s holdings in RTX were worth $16,031,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Blair William & Co. IL lifted its holdings in RTX by 2.6% during the second quarter. Blair William & Co. IL now owns 360,823 shares of the company’s stock valued at $52,687,000 after purchasing an additional 9,211 shares in the last quarter. Rice Partnership LLC lifted its holdings in shares of RTX by 2.8% in the second quarter. Rice Partnership LLC now owns 89,953 shares of the company’s stock worth $13,135,000 after buying an additional 2,458 shares in the last quarter. TFR Capital LLC. increased its position in RTX by 9.8% in the second quarter. TFR Capital LLC. now owns 3,651 shares of the company’s stock worth $533,000 after purchasing an additional 327 shares during the last quarter. True Link Financial Advisors LLC bought a new stake in RTX in the second quarter worth $202,000. Finally, MSH Capital Advisors LLC increased its position in RTX by 3.7% in the second quarter. MSH Capital Advisors LLC now owns 6,781 shares of the company’s stock worth $990,000 after purchasing an additional 245 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of RTX 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 sale, the vice president owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. This trade represents a 22.49% 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 Philip J. Jasper sold 12,847 shares of RTX stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction 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 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 in the last ninety days. Company insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $162.08 on Friday. 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 $216.95 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66. The company’s 50 day moving average is $158.98 and its 200 day moving average is $144.80. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $170.85.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on RTX shares. Susquehanna boosted their price objective on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Citigroup upped their price target on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 price objective on shares of RTX in a research note on Wednesday. Sanford C. Bernstein increased their price target on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

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.