RTX Corporation $RTX Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC increased its position in RTX Corporation (NYSE:RTXFree Report) by 66.8% in the second quarter, Holdings Channel reports. The firm owned 32,667 shares of the company’s stock after purchasing an additional 13,088 shares during the quarter. Simplicity Wealth LLC’s holdings in RTX were worth $4,770,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Gries Financial LLC boosted its stake in RTX by 0.7% in the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock valued at $1,428,000 after acquiring an additional 69 shares during the period. TrueWealth Advisors LLC boosted its stake in RTX by 3.6% in the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock valued at $293,000 after acquiring an additional 70 shares during the period. RMR Wealth Builders boosted its stake in RTX by 3.6% in the second quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock valued at $297,000 after acquiring an additional 70 shares during the period. Verum Partners LLC boosted its stake in RTX by 1.8% in the second quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock valued at $598,000 after acquiring an additional 73 shares during the period. Finally, Hamilton Capital LLC boosted its stake in RTX by 3.6% in the first quarter. Hamilton Capital LLC now owns 2,122 shares of the company’s stock valued at $281,000 after acquiring an additional 74 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RTX. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Barclays lifted their target price on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Bank of America boosted their price objective on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $158.87.

Check Out Our Latest Research Report on RTX

RTX Stock Performance

Shares of NYSE RTX opened at $166.73 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a 50 day simple moving average of $158.18 and a 200-day simple moving average of $143.95. The company 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. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $168.28.

RTX (NYSE:RTXGet Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the company’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 completion of the sale, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares of the company’s stock, valued at $4,686,624.80. This trade 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 three months. 0.15% of the stock is owned by company insiders.

RTX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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