Opes Wealth Management LLC Sells 538 Shares of RTX Corporation $RTX

Opes Wealth Management LLC reduced its position in RTX Corporation (NYSE:RTX) by 25.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,602 shares of the company’s stock after selling 538 shares during the quarter. Opes Wealth Management LLC’s holdings in RTX were worth $234,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Prentice Wealth Management LLC boosted its stake in RTX by 3.2% during the second quarter. Prentice Wealth Management LLC now owns 10,374 shares of the company’s stock worth $1,515,000 after acquiring an additional 321 shares in the last quarter. Avion Wealth boosted its stake in RTX by 4.7% during the second quarter. Avion Wealth now owns 1,568 shares of the company’s stock worth $229,000 after acquiring an additional 70 shares in the last quarter. Silver Oak Advisory Group Inc. boosted its stake in RTX by 8.7% during the second quarter. Silver Oak Advisory Group Inc. now owns 1,860 shares of the company’s stock worth $271,000 after acquiring an additional 149 shares in the last quarter. Briaud Financial Planning Inc boosted its stake in RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Finally, FSM Wealth Advisors LLC boosted its stake in RTX by 72.2% during the second quarter. FSM Wealth Advisors LLC now owns 10,752 shares of the company’s stock worth $1,569,000 after acquiring an additional 4,508 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were 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 owned 17,684 shares in the company, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,469 shares of company stock worth $7,364,841. Insiders own 0.15% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $179.33 on Friday. The firm has a 50-day moving average of $160.59 and a 200-day moving average of $147.14. The company has a market cap of $240.45 billion, a P/E ratio of 36.82, a P/E/G ratio of 3.23 and a beta of 0.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75. RTX Corporation has a one year low of $112.27 and a one year high of $179.98.

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, topping 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 business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter last year, the company posted $1.45 earnings per share. The firm’s quarterly 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. Equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RTX shares. Robert W. Baird set a $203.00 price objective on shares of RTX in a research note on Wednesday. Citigroup raised their price objective on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Sanford C. Bernstein raised their price objective on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research note on Monday, October 6th. The Goldman Sachs Group raised their price objective on shares of RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Barclays increased their target price on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.80.

RTX Company 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.