Austin Private Wealth LLC Lowers Stock Holdings in RTX Corporation $RTX

Austin Private Wealth LLC lowered its holdings in shares of RTX Corporation (NYSE:RTX) by 12.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,213 shares of the company’s stock after selling 596 shares during the quarter. Austin Private Wealth LLC’s holdings in RTX were worth $615,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. MorganRosel Wealth Management LLC acquired a new position in shares of RTX during the first quarter valued at approximately $26,000. PFS Partners LLC raised its holdings in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after acquiring an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of RTX during the first quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX during the first quarter valued at approximately $44,000. Finally, Briaud Financial Planning Inc raised its holdings in shares of RTX by 25.4% during the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE:RTX opened at $178.76 on Wednesday. RTX Corporation has a one year low of $112.27 and a one year high of $181.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a market cap of $239.67 billion, a PE ratio of 36.71, a P/E/G ratio of 3.11 and a beta of 0.66. The stock has a 50 day moving average price of $162.06 and a 200 day moving average price of $148.59.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter last year, the firm earned $1.45 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. UBS Group increased their target price on RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Robert W. Baird set a $203.00 target price on RTX in a report on Wednesday, October 22nd. Finally, Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average price target of $178.47.

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 51,318 shares of company stock worth $8,238,388 in the last three months. 0.15% of the stock is owned by insiders.

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.