Sterling Financial Planning Inc. Boosts Position in RTX Corporation $RTX

Sterling Financial Planning Inc. boosted its holdings in RTX Corporation (NYSE:RTX) by 136.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 12,657 shares of the company’s stock after buying an additional 7,298 shares during the period. Sterling Financial Planning Inc.’s holdings in RTX were worth $1,848,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Bay Capital Advisors LLC purchased a new stake in shares of RTX during the first quarter valued at approximately $224,000. Brookwood Investment Group LLC purchased a new stake in shares of RTX during the first quarter valued at approximately $1,288,000. LBP AM SA raised its stake in shares of RTX by 17.7% during the first quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after purchasing an additional 41,990 shares during the period. Arizona State Retirement System raised its stake in shares of RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after purchasing an additional 5,356 shares during the period. Finally, Redwood Financial Network Corp purchased a new stake in shares of RTX during the first quarter valued at approximately $243,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider directly 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 valued at $8,947,010. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

RTX has been the topic of a number of analyst reports. Wall Street Zen lowered shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. The Goldman Sachs Group lifted their price objective on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Citigroup raised their price target on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Susquehanna raised their price target on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.13.

RTX Stock Performance

RTX stock opened at $159.45 on Wednesday. The company has a market cap of $213.43 billion, a PE ratio of 35.04, a P/E/G ratio of 2.95 and a beta of 0.66. The company has a fifty day moving average price of $159.09 and a two-hundred day moving average price of $145.39. 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 12 month low of $112.27 and a 12 month high of $170.85.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

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.