Wealthcare Advisory Partners LLC Increases Stock Holdings in RTX Corporation $RTX

Wealthcare Advisory Partners LLC lifted its stake in shares of RTX Corporation (NYSE:RTX) by 0.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,601 shares of the company’s stock after acquiring an additional 127 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in RTX were worth $1,986,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Tandem Investment Partners LLC grew its holdings in shares of RTX by 16.8% during the second quarter. Tandem Investment Partners LLC now owns 2,885 shares of the company’s stock worth $421,000 after purchasing an additional 415 shares during the last quarter. BridgePort Financial Solutions LLC boosted its position in shares of RTX by 2.8% in the 2nd quarter. BridgePort Financial Solutions LLC now owns 12,326 shares of the company’s stock valued at $1,800,000 after purchasing an additional 331 shares during the period. Clarius Group LLC grew its stake in RTX by 9.4% during the 2nd quarter. Clarius Group LLC now owns 8,580 shares of the company’s stock worth $1,253,000 after buying an additional 740 shares during the last quarter. Penobscot Investment Management Company Inc. increased its position in RTX by 1.3% during the second quarter. Penobscot Investment Management Company Inc. now owns 46,727 shares of the company’s stock worth $6,823,000 after buying an additional 580 shares during the period. Finally, Signature Wealth Management Partners LLC boosted its holdings in shares of RTX by 4.9% in the second quarter. Signature Wealth Management Partners LLC now owns 10,672 shares of the company’s stock valued at $1,558,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the company’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 transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the sale, the vice president owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RTX shares. UBS Group lifted their target price on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price target on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein increased their price objective on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research report on Monday. Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, Jefferies Financial Group restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.47.

RTX Stock Performance

Shares of RTX stock opened at $169.03 on Tuesday. 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 $158.44 and a 200-day simple moving average of $144.27. The company has a market cap of $226.25 billion, a price-to-earnings ratio of 37.15, a price-to-earnings-growth 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 $169.75.

RTX (NYSE:RTX) last announced its quarterly earnings data 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 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%.RTX’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

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.