Mayflower Financial Advisors LLC Sells 300 Shares of RTX Corporation $RTX

Mayflower Financial Advisors LLC cut its holdings in RTX Corporation (NYSE:RTX) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,947 shares of the company’s stock after selling 300 shares during the period. Mayflower Financial Advisors LLC’s holdings in RTX were worth $2,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RTX. Brighton Jones LLC increased its position in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its position in RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares in the last quarter. Sovran Advisors LLC bought a new stake in RTX in the 1st quarter valued at about $237,000. Valley National Advisers Inc. increased its position in RTX by 91.8% in the 1st quarter. Valley National Advisers Inc. now owns 1,596 shares of the company’s stock valued at $211,000 after buying an additional 764 shares in the last quarter. Finally, MorganRosel Wealth Management LLC bought a new stake in RTX in the 1st quarter valued at about $26,000. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $178.76 on Wednesday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $181.31. The stock’s 50 day moving average price is $162.06 and its 200-day moving average price is $148.59. The company has a market capitalization of $239.67 billion, a PE ratio of 36.71, a PEG ratio of 3.11 and a beta of 0.66. 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 announced its 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. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the previous year, the business earned $1.45 EPS. The company’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. On average, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Analyst Ratings Changes

RTX has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price target on shares of RTX in a research note on Wednesday, October 8th. Bank of America lifted their price target on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research note on Monday. Finally, Robert W. Baird set a $203.00 price target on RTX in a research note on Wednesday, October 22nd. Two investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.47.

Insiders Place Their Bets

In other news, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The SEC filing for this sale provides additional information. Insiders have sold 51,318 shares of company stock worth $8,238,388 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

About RTX

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.