McKinley Carter Wealth Services Inc. Sells 209 Shares of RTX Corporation $RTX

McKinley Carter Wealth Services Inc. lessened its holdings in shares of RTX Corporation (NYSE:RTX) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,058 shares of the company’s stock after selling 209 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in RTX were worth $593,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. Brighton Jones LLC raised its stake 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 purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC raised its stake 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 purchasing an additional 159 shares during the period. GAMMA Investing LLC raised its stake in RTX by 12.8% during 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 during the period. Focus Financial Network Inc. raised its stake in RTX by 5.3% during the 1st quarter. Focus Financial Network Inc. now owns 7,086 shares of the company’s stock valued at $939,000 after purchasing an additional 355 shares during the period. Finally, Simon Quick Advisors LLC increased its stake in RTX by 51.1% in the 1st quarter. Simon Quick Advisors LLC now owns 9,427 shares of the company’s stock worth $1,249,000 after acquiring an additional 3,188 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In related news, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction 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 completion of the transaction, the insider owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were 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 of the company’s stock, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,635 shares of company stock worth $8,947,010. Company insiders own 0.15% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $157.64 on Friday. The company has a market cap of $211.01 billion, a P/E ratio of 34.65, a P/E/G ratio of 2.99 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The business’s 50 day moving average price is $159.00 and its 200-day moving average price is $144.95. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on RTX. The Goldman Sachs Group lifted their price objective on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 price objective on shares of RTX in a research note on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research note on Monday, July 21st. JPMorgan Chase & Co. lifted their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Citigroup lifted their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

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.