First National Bank & Trust Co. of Newtown Reduces Stock Position in RTX Corporation $RTX

First National Bank & Trust Co. of Newtown cut its holdings in RTX Corporation (NYSE:RTX) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,353 shares of the company’s stock after selling 110 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in RTX were worth $490,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. MorganRosel Wealth Management LLC purchased a new position in RTX in the first quarter valued at $26,000. PFS Partners LLC lifted its position 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 purchasing an additional 89 shares during the period. Summit Securities Group LLC acquired a new stake in shares of RTX during the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of RTX during the 1st quarter valued at approximately $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of RTX during the 1st quarter worth approximately $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction that occurred on Thursday, July 24th. The stock was 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 owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company’s stock.

RTX Trading Up 0.0%

RTX opened at $167.37 on Thursday. The company’s 50 day moving average is $157.75 and its 200-day moving average is $143.42. The company has a market cap of $224.03 billion, a P/E ratio of 36.78, a PEG ratio of 3.08 and a beta of 0.66. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $168.28. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter last year, the firm posted $1.41 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a report on Monday, July 21st. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 target price (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Morgan Stanley raised their target price on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Bank of America lifted their target price 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. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $158.87.

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.