RTX Corporation $RTX Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC lessened its holdings in RTX Corporation (NYSE:RTX) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,902 shares of the company’s stock after selling 164 shares during the period. Lmcg Investments LLC’s holdings in RTX were worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of RTX. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX during the 1st quarter worth approximately $26,000. PFS Partners LLC grew its stake in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC acquired a new stake in shares of RTX during the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of RTX during the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of RTX during the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’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 completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. The trade was 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 in the last ninety days. Company insiders own 0.15% of the company’s stock.

RTX Trading Down 2.8%

Shares of RTX stock opened at $157.64 on Friday. The stock’s fifty day moving average is $159.00 and its two-hundred day moving average is $145.03. 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 firm has a market capitalization of $211.01 billion, a P/E ratio of 34.65, a PEG ratio of 2.91 and a beta of 0.66. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The company 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%.The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on RTX shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research report on Wednesday. UBS Group increased their target price on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 target price on shares of RTX in a research report on Wednesday. Two investment 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

RTX 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.