Founders Capital Management Has $7.95 Million Stock Position in RTX Corporation $RTX

Founders Capital Management cut its stake in RTX Corporation (NYSE:RTX) by 0.4% in the second quarter, HoldingsChannel.com reports. The fund owned 54,423 shares of the company’s stock after selling 229 shares during the period. RTX makes up 4.8% of Founders Capital Management’s investment portfolio, making the stock its 5th largest position. Founders Capital Management’s holdings in RTX were worth $7,947,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Parkwoods Wealth Partners LLC bought a new stake in shares of RTX in the 2nd quarter valued at about $270,000. Vigilare Wealth Management increased its stake in shares of RTX by 92.8% in the 2nd quarter. Vigilare Wealth Management now owns 9,595 shares of the company’s stock valued at $1,401,000 after acquiring an additional 4,619 shares during the last quarter. First Pacific Financial increased its stake in shares of RTX by 22,561.0% in the 2nd quarter. First Pacific Financial now owns 22,661 shares of the company’s stock valued at $3,309,000 after acquiring an additional 22,561 shares during the last quarter. QTR Family Wealth LLC increased its stake in shares of RTX by 13.9% in the 2nd quarter. QTR Family Wealth LLC now owns 2,267 shares of the company’s stock valued at $331,000 after acquiring an additional 277 shares during the last quarter. Finally, Loudon Investment Management LLC bought a new stake in shares of RTX in the 2nd quarter valued at about $536,000. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. The trade was a 9.98% 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 worth $8,947,010 in the last quarter. 0.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group upped their price target on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research note on Monday, July 21st. Morgan Stanley increased their target price on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Susquehanna increased their target price on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Three equities research 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

RTX Price Performance

Shares of RTX opened at $167.31 on Wednesday. The stock has a market capitalization of $223.95 billion, a P/E ratio of 36.77, a P/E/G ratio of 3.02 and a beta of 0.67. 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 Corporation has a twelve month low of $112.27 and a twelve month high of $168.28. The company has a 50 day moving average of $157.53 and a 200-day moving average of $143.25.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts forecast 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.