Freedom Investment Management Inc. Has $572,000 Holdings in RTX Corporation $RTX

Freedom Investment Management Inc. trimmed its holdings in RTX Corporation (NYSE:RTX) by 5.1% in the second quarter, Holdings Channel reports. The institutional investor owned 3,916 shares of the company’s stock after selling 211 shares during the period. Freedom Investment Management Inc.’s holdings in RTX were worth $572,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Gries Financial LLC raised its holdings in RTX by 0.7% in the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after acquiring an additional 69 shares in the last quarter. M3 Advisory Group LLC raised its stake in RTX by 2.7% in the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock valued at $384,000 after purchasing an additional 69 shares in the last quarter. TrueWealth Advisors LLC lifted 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 grew its stake 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 buying an additional 70 shares in the last quarter. Finally, Verum Partners LLC increased its holdings in RTX by 1.8% in the 2nd quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock valued at $598,000 after buying an additional 73 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. The Goldman Sachs Group upped their target price on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Robert W. Baird set a $203.00 price target on RTX in a report on Wednesday. Finally, UBS Group raised their price objective on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday. Two 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 stock. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $175.80.

RTX Stock Down 0.4%

Shares of RTX opened at $178.79 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 1.07. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $180.50. The stock has a market capitalization of $239.72 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 3.19 and a beta of 0.66. The stock has a fifty day moving average of $161.09 and a 200-day moving average of $147.74.

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

Insider Buying and Selling at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the firm’s 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 transaction, the insider owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of RTX 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. In the last ninety days, insiders sold 46,469 shares of company stock worth $7,364,841. 0.15% of the stock is currently owned by company insiders.

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.