Smart Portfolios LLC Has $992,000 Stake in RTX Corporation $RTX

Smart Portfolios LLC decreased its stake in RTX Corporation (NYSE:RTX) by 1.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 6,793 shares of the company’s stock after selling 105 shares during the period. RTX comprises 1.0% of Smart Portfolios LLC’s holdings, making the stock its 28th largest position. Smart Portfolios LLC’s holdings in RTX were worth $992,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Gries Financial LLC increased its holdings in shares of RTX by 0.7% in the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after acquiring an additional 69 shares in the last quarter. M3 Advisory Group LLC increased its holdings in shares of RTX by 2.7% in the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after acquiring an additional 69 shares in the last quarter. TrueWealth Advisors LLC increased its holdings in shares of RTX by 3.6% in the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock worth $293,000 after acquiring an additional 70 shares in the last quarter. RMR Wealth Builders increased its holdings in shares of RTX by 3.6% in the second quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock worth $297,000 after acquiring an additional 70 shares in the last quarter. Finally, Verum Partners LLC increased its holdings in shares of RTX by 1.8% in the second quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock worth $598,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 0.4%

NYSE:RTX opened at $159.45 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The company has a market cap of $213.43 billion, a PE ratio of 35.04, a PEG ratio of 2.95 and a beta of 0.66. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85. The stock has a 50-day simple moving average of $159.09 and a 200 day simple moving average of $145.39.

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%.RTX’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Sanford C. Bernstein increased their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Bank of America increased their price target on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Barclays increased their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price objective (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Two investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.13.

Insider Transactions at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the transaction, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. 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 firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is 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.