Clifford Swan Investment Counsel LLC Acquires 609 Shares of RTX Corporation $RTX

Clifford Swan Investment Counsel LLC grew its stake in RTX Corporation (NYSE:RTX) by 0.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 219,297 shares of the company’s stock after purchasing an additional 609 shares during the quarter. RTX makes up 1.1% of Clifford Swan Investment Counsel LLC’s holdings, making the stock its 27th largest holding. Clifford Swan Investment Counsel LLC’s holdings in RTX were worth $32,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Granite Harbor Advisors Inc. increased its position in shares of RTX by 11.2% during the 2nd quarter. Granite Harbor Advisors Inc. now owns 1,974 shares of the company’s stock worth $288,000 after purchasing an additional 199 shares during the last quarter. Ethic Inc. increased its holdings in RTX by 18.4% during the second quarter. Ethic Inc. now owns 48,788 shares of the company’s stock worth $7,058,000 after buying an additional 7,593 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its stake in RTX by 4.8% in the second quarter. Meadow Creek Wealth Advisors LLC now owns 4,789 shares of the company’s stock valued at $699,000 after acquiring an additional 221 shares during the last quarter. Caliber Wealth Management LLC KS lifted its stake in RTX by 17.9% in the second quarter. Caliber Wealth Management LLC KS now owns 8,246 shares of the company’s stock valued at $1,204,000 after acquiring an additional 1,249 shares during the last quarter. Finally, TFB Advisors LLC acquired a new position in shares of RTX during the 2nd quarter worth about $223,000. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the subject of several recent analyst reports. UBS Group raised their target price on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Sanford C. Bernstein boosted their target price on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Susquehanna lifted their price objective on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $195.00 target price on shares of RTX in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $175.80.

Insiders Place Their Bets

In other 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 transaction of $1,187,900.80. Following the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the insider owned 17,684 shares of the company’s stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,469 shares of company stock worth $7,364,841 over the last three months. Insiders own 0.15% of the company’s stock.

RTX Stock Up 2.8%

RTX stock opened at $177.86 on Thursday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $178.76. The business has a 50-day simple moving average of $160.11 and a 200 day simple moving average of $146.72. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company has a market cap of $238.07 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 3.10 and a beta of 0.66.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.45%. The firm had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same period last year, the firm earned $1.45 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

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.