Family Capital Trust Co Sells 2,148 Shares of RTX Corporation $RTX

Family Capital Trust Co lowered its stake in shares of RTX Corporation (NYSE:RTX) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,257 shares of the company’s stock after selling 2,148 shares during the quarter. RTX makes up approximately 1.8% of Family Capital Trust Co’s portfolio, making the stock its 17th largest holding. Family Capital Trust Co’s holdings in RTX were worth $5,294,000 as of its most recent SEC filing.

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

RTX Trading Up 0.6%

Shares of RTX opened at $158.04 on Monday. The firm’s 50 day simple moving average is $159.20 and its 200 day simple moving average is $146.01. The company has a market capitalization of $211.55 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.93 and a beta of 0.66. 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 posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion for 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 business’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. increased their target price on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued 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 reissued an “outperform” rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.13.

Insider Transactions at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently 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.