Family Capital Management Inc. Purchases 1,849 Shares of RTX Corporation $RTX

Family Capital Management Inc. lifted its position in shares of RTX Corporation (NYSE:RTX) by 101.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,679 shares of the company’s stock after purchasing an additional 1,849 shares during the period. Family Capital Management Inc.’s holdings in RTX were worth $537,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new stake in RTX during the first quarter worth about $26,000. PFS Partners LLC increased its holdings in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. Summit Securities Group LLC purchased a new stake in RTX during the first quarter worth about $40,000. McClarren Financial Advisors Inc. purchased a new stake in RTX during the first quarter worth about $44,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in RTX during the second quarter worth about $47,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,173 shares of company stock valued at $8,724,406. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Barclays raised their price objective on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. UBS Group lifted their target price on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Citigroup lifted their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Susquehanna lifted their target price on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.13.

RTX Trading Up 7.6%

RTX stock opened at $173.00 on Wednesday. The stock has a market cap of $231.57 billion, a P/E ratio of 38.02, a PEG ratio of 2.98 and a beta of 0.66. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $178.76. The firm’s fifty day moving average price is $159.66 and its 200-day moving average price is $146.50. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same period in the previous year, the business earned $1.45 earnings per share. The firm’s revenue 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 forecast that RTX Corporation will post 6.11 earnings per share 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.