Keudell Morrison Wealth Management Boosts Stock Position in RTX Corporation $RTX

Keudell Morrison Wealth Management raised its stake in shares of RTX Corporation (NYSE:RTX) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,248 shares of the company’s stock after acquiring an additional 1,360 shares during the period. Keudell Morrison Wealth Management’s holdings in RTX were worth $2,519,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in shares of RTX during the 1st quarter worth approximately $26,000. PFS Partners LLC raised its stake in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of RTX during the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. purchased a new position in shares of RTX during the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of RTX during the 1st quarter worth approximately $50,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RTX shares. Susquehanna increased their target price on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Saturday, September 27th. Finally, Barclays upped their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

Insider Buying and Selling

In other news, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the sale, the vice president owned 30,004 shares of the company’s stock, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last ninety days. Insiders own 0.15% of the company’s stock.

RTX Trading Up 0.1%

Shares of RTX stock opened at $166.73 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a market cap of $223.18 billion, a PE ratio of 36.64, a P/E/G ratio of 3.07 and a beta of 0.66. The business’s fifty day moving average is $158.18 and its two-hundred day moving average is $143.95. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $168.28.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

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.