Rise Advisors LLC Purchases 168 Shares of RTX Corporation $RTX

Rise Advisors LLC lifted its position in shares of RTX Corporation (NYSE:RTX) by 7.1% during the second quarter, HoldingsChannel reports. The firm owned 2,529 shares of the company’s stock after buying an additional 168 shares during the quarter. Rise Advisors LLC’s holdings in RTX were worth $369,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Granite Bay Wealth Management LLC bought a new position in shares of RTX during the second quarter worth $6,761,000. Persium Advisors LLC boosted its position in shares of RTX by 1.6% during the second quarter. Persium Advisors LLC now owns 4,935 shares of the company’s stock worth $721,000 after purchasing an additional 76 shares in the last quarter. MRA Advisory Group bought a new position in shares of RTX during the second quarter worth $240,000. Allen Mooney & Barnes Investment Advisors LLC boosted its position in shares of RTX by 2.8% during the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 4,559 shares of the company’s stock worth $666,000 after purchasing an additional 125 shares in the last quarter. Finally, RMR Wealth Builders boosted its position in shares of RTX by 3.6% during the second quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock worth $297,000 after purchasing an additional 70 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RTX. The Goldman Sachs Group lifted their price target on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. Susquehanna raised their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. 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. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Finally, Citigroup raised their price objective on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $158.87.

Insider Transactions at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction 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 completion of the sale, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by insiders.

RTX Stock Down 1.1%

Shares of RTX stock opened at $155.90 on Monday. 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 Corporation has a 1 year low of $112.27 and a 1 year high of $161.26. The firm’s fifty day moving average price is $154.64 and its two-hundred day moving average price is $140.74. The firm has a market capitalization of $208.68 billion, a P/E ratio of 34.26, a PEG ratio of 2.87 and a beta of 0.67.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the previous year, the business earned $1.41 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. 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 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 15th. RTX’s payout ratio is presently 59.78%.

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.