Cyndeo Wealth Partners LLC Raises Stock Position in RTX Corporation $RTX

Cyndeo Wealth Partners LLC increased its stake in RTX Corporation (NYSE:RTX) by 2.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 27,734 shares of the company’s stock after acquiring an additional 595 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in RTX were worth $4,050,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RTX. Brighton Jones LLC grew its holdings in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of RTX by 4.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 13,474 shares of the company’s stock worth $1,785,000 after buying an additional 518 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of RTX by 12.8% during the first quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock worth $4,163,000 after buying an additional 3,561 shares in the last quarter. Finally, Trueblood Wealth Management LLC purchased a new stake in shares of RTX during the first quarter worth $219,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on RTX shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a report on Monday, July 21st. The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, June 23rd. Bank of America boosted their price target on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research report on Wednesday. Finally, Wall Street Zen cut shares of 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 issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $164.13.

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the company’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 transaction, the insider owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% 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 valued at $8,947,010 over the last three months. Company insiders own 0.15% of the company’s stock.

RTX Trading Down 3.8%

NYSE RTX opened at $162.08 on Friday. The firm’s 50-day moving average is $158.98 and its two-hundred day moving average is $144.80. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The stock has a market capitalization of $216.95 billion, a P/E ratio of 35.62, a PEG ratio of 3.11 and a beta of 0.66.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. RTX’s revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

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.