Solstein Capital LLC Grows Position in RTX Corporation $RTX

Solstein Capital LLC grew its stake in shares of RTX Corporation (NYSE:RTX) by 5.8% in the second quarter, HoldingsChannel.com reports. The firm owned 1,754 shares of the company’s stock after buying an additional 96 shares during the quarter. Solstein Capital LLC’s holdings in RTX were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RTX. Brighton Jones LLC boosted its stake in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC lifted its stake in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after acquiring an additional 159 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in RTX by 14.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 157,054 shares of the company’s stock worth $20,687,000 after acquiring an additional 20,187 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in RTX by 22.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 689,542 shares of the company’s stock worth $91,606,000 after acquiring an additional 126,789 shares during the period. Finally, Patron Partners LLC purchased a new stake in RTX in the first quarter worth $205,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity

In other news, insider Shane G. Eddy sold 25,968 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $2,027,513.54. Following the transaction, 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. 0.15% of the stock is currently owned by corporate insiders.

RTX Price Performance

RTX opened at $178.79 on Monday. The stock has a fifty day simple moving average of $161.09 and a two-hundred day simple moving average of $147.87. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market cap of $239.72 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $180.50.

RTX (NYSE:RTX) last posted its quarterly earnings data 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. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Sanford C. Bernstein raised their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. JPMorgan Chase & Co. raised their price target on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Bank of America raised their price target on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley set a $215.00 price target on RTX and gave the stock an “overweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $175.80.

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.