Ignite Planners LLC Lowers Stock Holdings in RTX Corporation $RTX

Ignite Planners LLC trimmed its position in shares of RTX Corporation (NYSE:RTX) by 4.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,332 shares of the company’s stock after selling 116 shares during the quarter. Ignite Planners LLC’s holdings in RTX were worth $353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RTX. Brighton Jones LLC boosted its holdings in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC boosted its holdings in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares during the period. Wealthcare Advisory Partners LLC raised its position in RTX by 4.0% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 13,474 shares of the company’s stock valued at $1,785,000 after purchasing an additional 518 shares in the last quarter. GAMMA Investing LLC raised its position in RTX by 12.8% in the 1st quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock valued at $4,163,000 after purchasing an additional 3,561 shares in the last quarter. Finally, Fiduciary Financial Group LLC acquired a new stake in RTX in the 1st quarter valued at about $262,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on RTX. The Goldman Sachs Group increased their price target on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, June 23rd. UBS Group increased their price target on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Susquehanna increased their price target on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Citigroup increased their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Finally, Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

RTX Price Performance

Shares of NYSE RTX opened at $168.47 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85. The firm has a market capitalization of $225.50 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. The stock’s 50-day simple moving average is $158.89 and its 200-day simple moving average is $144.61.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) 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 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 quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Activity

In related news, VP Kevin G. Dasilva sold 8,704 shares of the firm’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 transaction of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock worth $8,947,010 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

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.