RTX (NYSE:RTX) EVP Neil Mitchill, Jr. Sells 4,849 Shares of Stock

RTX Corporation (NYSE:RTX) EVP Neil Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

RTX Stock Performance

NYSE RTX opened at $178.76 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $239.67 billion, a P/E 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 firm has a 50-day moving average price of $162.06 and a two-hundred day moving average price of $148.59.

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, beating analysts’ consensus estimates of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the previous year, the firm posted $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. Analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

Hedge Funds Weigh In On RTX

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MorganRosel Wealth Management LLC acquired a new position in RTX in the 1st quarter valued at approximately $26,000. PFS Partners LLC boosted its stake in shares of 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 last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of RTX in the 2nd quarter valued at $29,000. Access Investment Management LLC bought a new stake in shares of RTX in the 2nd quarter valued at $31,000. Finally, SOA Wealth Advisors LLC. boosted its stake in shares of RTX by 57.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on RTX shares. UBS Group upped their price target on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group upped their price target on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price objective (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Susquehanna upped their price objective on shares of RTX from $175.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Two equities research 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 company. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

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.