Richards Merrill & Peterson Inc. Raises Position in RTX Corporation $RTX

Richards Merrill & Peterson Inc. grew its position in RTX Corporation (NYSE:RTX) by 0.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,774 shares of the company’s stock after buying an additional 141 shares during the period. RTX makes up about 1.2% of Richards Merrill & Peterson Inc.’s investment portfolio, making the stock its 16th largest holding. Richards Merrill & Peterson Inc.’s holdings in RTX were worth $2,595,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bay Capital Advisors LLC purchased a new position in RTX in the first quarter worth about $224,000. Brookwood Investment Group LLC purchased a new position in RTX in the first quarter worth about $1,288,000. LBP AM SA raised its holdings in RTX by 17.7% in the first quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after buying an additional 41,990 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of RTX by 1.4% during the first quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after purchasing an additional 5,356 shares during the last quarter. Finally, Redwood Financial Network Corp purchased a new position in shares of RTX during the first quarter valued at approximately $243,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Performance

RTX opened at $178.79 on Friday. The firm has a market cap of $239.72 billion, a P/E ratio of 36.71, a PEG ratio of 3.20 and a beta of 0.66. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $180.50. The company has a 50 day simple moving average of $161.09 and a two-hundred day simple moving average of $147.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 7,654 shares of the company’s 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 completion of the transaction, the insider owned 16,442 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction 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 sold a total of 46,469 shares of company stock worth $7,364,841 over the last three months. 0.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research reports. Barclays boosted their price objective 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. UBS Group boosted their price objective on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America boosted their price objective on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. upped their target price 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 investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.80.

RTX Company 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.