Schnieders Capital Management LLC Purchases 623 Shares of RTX Corporation $RTX

Schnieders Capital Management LLC grew its position in shares of RTX Corporation (NYSE:RTX) by 3.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 20,900 shares of the company’s stock after acquiring an additional 623 shares during the quarter. Schnieders Capital Management LLC’s holdings in RTX were worth $3,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RTX. Evermay Wealth Management LLC grew its stake in shares of RTX by 0.7% in the 2nd quarter. Evermay Wealth Management LLC now owns 10,972 shares of the company’s stock worth $1,602,000 after buying an additional 73 shares in the last quarter. Lyell Wealth Management LP grew its stake in shares of RTX by 18.9% in the 2nd quarter. Lyell Wealth Management LP now owns 7,408 shares of the company’s stock worth $1,082,000 after buying an additional 1,180 shares in the last quarter. Stephens Inc. AR grew its stake in shares of RTX by 1.8% in the 2nd quarter. Stephens Inc. AR now owns 103,400 shares of the company’s stock worth $15,098,000 after buying an additional 1,867 shares in the last quarter. Calamos Wealth Management LLC grew its stake in shares of RTX by 7.6% in the 2nd quarter. Calamos Wealth Management LLC now owns 9,881 shares of the company’s stock worth $1,443,000 after buying an additional 694 shares in the last quarter. Finally, Crux Wealth Advisors grew its stake in shares of RTX by 39.5% in the 2nd quarter. Crux Wealth Advisors now owns 3,094 shares of the company’s stock worth $452,000 after buying an additional 876 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares of the company’s stock, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last 90 days. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RTX. The Goldman Sachs Group lifted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Barclays upped their price target on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Bank of America upped their price target on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Morgan Stanley upped their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Two 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.13.

RTX Price Performance

RTX stock opened at $158.04 on Monday. The stock has a market cap of $211.55 billion, a price-to-earnings ratio of 34.73, a price-to-earnings-growth 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. The firm has a 50-day moving average of $159.20 and a two-hundred day moving average of $146.01.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.35% and a return on equity of 12.89%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts forecast 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.