Waldron Private Wealth LLC Has $2.16 Million Holdings in RTX Corporation $RTX

Waldron Private Wealth LLC lifted its position in shares of RTX Corporation (NYSE:RTX) by 8.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,812 shares of the company’s stock after purchasing an additional 1,108 shares during the quarter. Waldron Private Wealth LLC’s holdings in RTX were worth $2,163,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. PFS Partners LLC grew its stake in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the period. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the 1st quarter valued at about $26,000. Summit Securities Group LLC bought a new position in RTX during the 1st quarter worth approximately $40,000. Briaud Financial Planning Inc grew its position in shares of RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after buying an additional 65 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in shares of RTX in the 2nd quarter worth approximately $47,000. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,469 shares of company stock valued at $7,364,841. Company insiders own 0.15% of the company’s stock.

RTX Stock Down 0.4%

RTX stock opened at $178.79 on Friday. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $180.50. The business has a fifty day moving average price of $161.09 and a 200-day moving average price of $147.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75. The stock has a market capitalization of $239.72 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.19 and a beta of 0.66.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. During the same quarter in the previous year, the company posted $1.45 earnings per share. RTX’s 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. Equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday. UBS Group lifted their price objective on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays lifted their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Bank of America lifted their price objective on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Susquehanna lifted their price objective on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday. 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, the stock has an average 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.