5,586 Shares in RTX Corporation $RTX Acquired by James Investment Research Inc.

James Investment Research Inc. acquired a new position in shares of RTX Corporation (NYSE:RTX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,586 shares of the company’s stock, valued at approximately $816,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. MorganRosel Wealth Management LLC acquired a new position in RTX in the 1st quarter valued at approximately $26,000. PFS Partners LLC increased its position 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 acquiring an additional 89 shares during the period. Summit Securities Group LLC acquired a new position in RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new position in RTX in the 1st quarter valued at approximately $44,000. Finally, Briaud Financial Planning Inc increased its position in RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 65 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 51,318 shares of company stock worth $8,238,388. Company insiders own 0.15% of the company’s stock.

RTX Stock Down 0.3%

Shares of NYSE RTX opened at $178.76 on Wednesday. The firm has a market cap of $239.67 billion, a PE ratio of 36.71, a P/E/G ratio of 3.11 and a beta of 0.66. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $181.31. The company’s fifty day simple moving average is $162.06 and its 200 day simple moving average is $148.59. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

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 the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The business had revenue of $22.48 billion for the quarter, compared to analyst estimates of $21.26 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. RTX’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RTX has been the subject of several recent research reports. Morgan Stanley set a $215.00 price target on shares of RTX and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Sanford C. Bernstein upped their price objective on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. Citigroup upped their price objective on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. The Goldman Sachs Group upped their price objective on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Bank of America upped their price objective on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday. Two investment 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.47.

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.