Philip James Wealth Mangement LLC Has $1.15 Million Position in RTX Corporation $RTX

Philip James Wealth Mangement LLC lowered its stake in shares of RTX Corporation (NYSE:RTX) by 34.4% in the second quarter, Holdings Channel reports. The institutional investor owned 7,849 shares of the company’s stock after selling 4,113 shares during the period. Philip James Wealth Mangement LLC’s holdings in RTX were worth $1,146,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. PFS Partners LLC raised its position in shares of RTX by 101.1% during 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. MorganRosel Wealth Management LLC acquired a new position in shares of RTX during the first quarter valued at about $26,000. Summit Securities Group LLC acquired a new position in shares of RTX during the first quarter valued at about $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX during the first quarter valued at about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in RTX in the first quarter valued at about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available 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 transaction of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% 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 three months. Insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $167.37 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $224.03 billion, a price-to-earnings ratio of 36.78, a P/E/G 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 firm’s 50-day moving average price is $157.75 and its two-hundred day moving average price is $143.42.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share 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 analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RTX. Susquehanna upped their target price on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group upped their target price on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Citigroup upped their target price on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Morgan Stanley upped 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. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, RTX presently has an average 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.