RTX Corporation $RTX Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC trimmed its position in RTX Corporation (NYSE:RTX) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,242 shares of the company’s stock after selling 645 shares during the period. Stratos Wealth Advisors LLC’s holdings in RTX were worth $1,496,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Angeles Wealth Management LLC lifted its position in shares of RTX by 1.2% in the second quarter. Angeles Wealth Management LLC now owns 9,260 shares of the company’s stock valued at $1,352,000 after acquiring an additional 113 shares in the last quarter. Stratos Investment Management LLC increased its position in shares of RTX by 0.8% during the second quarter. Stratos Investment Management LLC now owns 41,136 shares of the company’s stock worth $6,007,000 after purchasing an additional 329 shares in the last quarter. Werba Rubin Papier Wealth Management acquired a new position in RTX in the 2nd quarter valued at $227,000. Latitude Advisors LLC purchased a new position in RTX in the 2nd quarter valued at $285,000. Finally, Evernest Financial Advisors LLC boosted its stake in RTX by 18.5% during the 2nd quarter. Evernest Financial Advisors LLC now owns 8,164 shares of the company’s stock worth $1,192,000 after purchasing an additional 1,277 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction that occurred on 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 directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last quarter. 0.15% of the stock is owned by insiders.

RTX Trading Up 0.6%

Shares of RTX stock opened at $158.04 on Friday. The stock has a 50 day moving average of $159.20 and a 200 day moving average of $145.90. 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 firm has a market capitalization of $211.55 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 2.93 and a beta of 0.66. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RTX shares. JPMorgan Chase & Co. raised their price target on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Royal Bank Of Canada restated 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 reiterated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Two equities 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

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.