Clear Creek Financial Management LLC Has $448,000 Holdings in RTX Corporation $RTX

Clear Creek Financial Management LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,069 shares of the company’s stock after selling 244 shares during the period. Clear Creek Financial Management LLC’s holdings in RTX were worth $448,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Dohj LLC acquired a new position in shares of RTX during the second quarter worth $552,000. Northern Financial Advisors Inc increased its holdings in shares of RTX by 1.4% during the second quarter. Northern Financial Advisors Inc now owns 9,987 shares of the company’s stock worth $1,458,000 after buying an additional 134 shares in the last quarter. Secured Retirement Advisors LLC acquired a new position in shares of RTX during the second quarter worth $1,017,000. REAP Financial Group LLC increased its holdings in shares of RTX by 74.2% during the second quarter. REAP Financial Group LLC now owns 486 shares of the company’s stock worth $71,000 after buying an additional 207 shares in the last quarter. Finally, Sax Wealth Advisors LLC acquired a new position in shares of RTX during the second quarter worth $861,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Over 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on RTX shares. JPMorgan Chase & Co. upped their price target on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 price objective on shares of RTX in a report on Wednesday. The Goldman Sachs Group increased their price objective on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. UBS Group increased their price objective on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley increased their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.13.

RTX Price Performance

RTX stock opened at $157.64 on Friday. The stock has a market capitalization of $211.01 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.99 and a beta of 0.66. The company’s 50-day moving average is $159.00 and its 200-day moving average is $144.95. 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 $170.85.

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. The company had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

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.