Future Financial Wealth Managment LLC Sells 100 Shares of RTX Corporation $RTX

Future Financial Wealth Managment LLC lessened its stake in shares of RTX Corporation (NYSE:RTX) by 3.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,255 shares of the company’s stock after selling 100 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in RTX were worth $475,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RTX. Vanguard Group Inc. boosted its holdings in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of RTX by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after purchasing an additional 104,139 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of RTX by 1.5% in the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after purchasing an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of RTX by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after purchasing an additional 65,493 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of RTX in the first quarter valued at $916,739,000. Institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction dated 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 owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. 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. 0.15% of the stock is currently owned by insiders.

RTX Trading Up 0.1%

NYSE RTX opened at $166.73 on Friday. The stock has a market capitalization of $223.18 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 3.07 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a one year low of $112.27 and a one year high of $168.28. The business’s fifty day moving average is $158.18 and its 200-day moving average is $143.89.

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. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research note on Monday, July 21st. Bank of America raised 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. UBS Group raised their target price on RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley raised their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.