Cobblestone Capital Advisors LLC NY Increases Stock Holdings in RTX Corporation $RTX

Cobblestone Capital Advisors LLC NY lifted its stake in shares of RTX Corporation (NYSE:RTX) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,977 shares of the company’s stock after buying an additional 300 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in RTX were worth $1,603,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after purchasing an additional 104,139 shares during the last quarter. Invesco Ltd. increased its holdings in RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after purchasing an additional 154,544 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after purchasing an additional 65,493 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in RTX during the 1st quarter worth approximately $916,739,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Down 0.4%

NYSE:RTX opened at $178.79 on Monday. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $180.50. The firm has a market capitalization of $239.72 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.12 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 0.81. The business has a 50 day simple moving average of $161.09 and a 200 day simple moving average of $147.87.

RTX (NYSE:RTX) last released 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 return on equity of 13.28% and a net margin of 7.67%.The business had revenue of $22.48 billion during the quarter, compared to analyst estimates 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. Equities research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,469 shares of company stock worth $7,364,841 in the last 90 days. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on RTX. Barclays lifted their price objective on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Citigroup boosted their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price target on shares of RTX in a report on Wednesday, October 8th. Finally, Susquehanna boosted their price target on RTX from $175.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Two 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $175.80.

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.