Davis Rea LTD. Decreases Stock Holdings in RTX Corporation $RTX

Davis Rea LTD. reduced its stake in shares of RTX Corporation (NYSE:RTX) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,667 shares of the company’s stock after selling 928 shares during the quarter. RTX makes up 1.2% of Davis Rea LTD.’s holdings, making the stock its 26th largest position. Davis Rea LTD.’s holdings in RTX were worth $4,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC purchased a new stake in RTX in the first quarter valued at about $26,000. PFS Partners LLC raised its stake in 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 buying an additional 89 shares during the last quarter. Summit Securities Group LLC purchased a new stake in RTX in the first quarter valued at about $40,000. McClarren Financial Advisors Inc. purchased a new stake in RTX in the first quarter valued at about $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in RTX in the first quarter valued at about $50,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Down 2.8%

RTX stock opened at $157.64 on Friday. The firm has a market cap of $211.01 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.99 and a beta of 0.66. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85. The business’s 50-day moving average price is $159.00 and its 200 day moving average price is $144.95. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. The firm 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%.RTX’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Activity

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock valued at $8,947,010 over the last 90 days. Company insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. increased their price objective on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Barclays increased their price objective on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. The Goldman Sachs Group increased their price objective on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Finally, Bank of America increased their price objective on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. 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 company’s stock. According to MarketBeat, RTX has an average rating of “Moderate Buy” and an average 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.