Sigma Investment Counselors Inc. Acquires 390 Shares of RTX Corporation $RTX

Sigma Investment Counselors Inc. increased its holdings in RTX Corporation (NYSE:RTX) by 5.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,105 shares of the company’s stock after purchasing an additional 390 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in RTX were worth $1,183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Northwest Quadrant Wealth Management LLC purchased a new position in shares of RTX in the 2nd quarter valued at $208,000. Wealthstream Advisors Inc. bought a new stake in RTX during the second quarter valued at about $273,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in RTX during the second quarter valued at about $67,666,000. Signature Estate & Investment Advisors LLC grew its stake in RTX by 5.2% in the second quarter. Signature Estate & Investment Advisors LLC now owns 7,849 shares of the company’s stock valued at $1,146,000 after purchasing an additional 385 shares during the last quarter. Finally, United Bank raised its holdings in RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after purchasing an additional 4,131 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised their price target on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Barclays raised their target price on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Susquehanna upped their price target on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note 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 issued a Hold rating to the company. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $164.13.

Insider Transactions at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction 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 sale, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 over the last quarter. Company insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of RTX opened at $158.04 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company’s fifty day moving average price is $159.20 and its 200-day moving average price is $145.90. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $170.85. The firm has a market capitalization of $211.55 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66.

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