Probity Advisors Inc. Has $249,000 Stock Holdings in RTX Corporation $RTX

Probity Advisors Inc. lowered its holdings in RTX Corporation (NYSE:RTX) by 5.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,705 shares of the company’s stock after selling 92 shares during the quarter. Probity Advisors Inc.’s holdings in RTX were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. Brighton Jones LLC grew its holdings in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the last quarter. GAMMA Investing LLC grew its holdings in RTX by 12.8% in the 1st quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock valued at $4,163,000 after buying an additional 3,561 shares during the last quarter. JFS Wealth Advisors LLC raised its position in shares of RTX by 9.3% during the first quarter. JFS Wealth Advisors LLC now owns 3,426 shares of the company’s stock valued at $454,000 after buying an additional 292 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its position in shares of RTX by 0.6% during the first quarter. GHP Investment Advisors Inc. now owns 131,324 shares of the company’s stock valued at $17,395,000 after buying an additional 822 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Insiders have sold 55,173 shares of company stock valued at $8,724,406 in the last ninety days. 0.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RTX has been the subject of a number of research analyst reports. Susquehanna upped their price objective on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Two equities research 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.13.

RTX Price Performance

Shares of RTX stock opened at $173.00 on Wednesday. The stock’s fifty day simple moving average is $159.66 and its 200 day simple moving average is $146.50. RTX Corporation has a one year low of $112.27 and a one year high of $178.76. The firm has a market cap of $231.57 billion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 2.98 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 (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period last year, the business earned $1.45 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal 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.