Vanguard Personalized Indexing Management LLC Buys 30,557 Shares of RTX Corporation $RTX

Vanguard Personalized Indexing Management LLC lifted its holdings in RTX Corporation (NYSE:RTX) by 18.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 198,621 shares of the company’s stock after purchasing an additional 30,557 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in RTX were worth $29,085,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. PFS Partners LLC increased its stake in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. MorganRosel Wealth Management LLC bought a new position in shares of RTX in the first quarter worth about $26,000. Summit Securities Group LLC bought a new position in shares of RTX in the first quarter worth about $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX in the first quarter worth about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of RTX in the first quarter worth about $50,000. 86.50% of the stock is currently owned by institutional investors.

Insider Activity at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction that occurred on 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 sale, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock valued at $8,947,010. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Down 2.8%

NYSE RTX opened at $157.64 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’s 50 day moving average is $159.00 and its two-hundred day moving average is $145.03. The company has a market capitalization of $211.01 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.91 and a beta of 0.66. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $170.85.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The company had revenue of $21.58 billion for 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 company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on RTX. Morgan Stanley lifted their price objective on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Citigroup lifted their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. The Goldman Sachs Group lifted their target price on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Barclays lifted their target price on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $164.13.

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.