Bank of Jackson Hole Trust Purchases 934 Shares of RTX Corporation $RTX

Bank of Jackson Hole Trust boosted its stake in shares of RTX Corporation (NYSE:RTX) by 25.2% in the second quarter, HoldingsChannel reports. The firm owned 4,639 shares of the company’s stock after purchasing an additional 934 shares during the quarter. Bank of Jackson Hole Trust’s holdings in RTX were worth $677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC bought a new position in RTX during the first quarter worth $26,000. PFS Partners LLC grew its position in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of RTX in the first quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX in the first quarter valued at approximately $44,000. Finally, Briaud Financial Planning Inc grew its position in shares of RTX by 25.4% in the second quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after purchasing an additional 65 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on RTX. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Sanford C. Bernstein boosted their target price on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Bank of America boosted their target price on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research report on Monday, July 21st. Finally, Robert W. Baird set a $203.00 target price on shares of RTX in a research report on Wednesday, October 22nd. Two 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 stock. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.47.

Insider Buying and Selling

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, 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 ninety days. 0.15% of the stock is owned by company insiders.

RTX Stock Down 0.3%

RTX stock opened at $178.76 on Wednesday. The company has a market cap of $239.67 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66. The business has a 50-day simple moving average of $162.06 and a 200 day simple moving average of $148.59. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $181.31. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58.

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

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.