RTX Corporation $RTX is Welch Group LLC’s 5th Largest Position

Welch Group LLC decreased its position in RTX Corporation (NYSE:RTX) by 0.1% in the second quarter, HoldingsChannel.com reports. The fund owned 521,476 shares of the company’s stock after selling 544 shares during the period. RTX comprises approximately 3.2% of Welch Group LLC’s investment portfolio, making the stock its 5th biggest holding. Welch Group LLC’s holdings in RTX were worth $76,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new position in RTX in the 1st quarter worth $26,000. PFS Partners LLC raised its stake in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares during the last quarter. Summit Securities Group LLC purchased a new position in RTX in the 1st quarter worth $40,000. McClarren Financial Advisors Inc. purchased a new position in RTX in the 1st quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in RTX in the 1st quarter worth $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $157.64 on Monday. 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 $170.85. The business has a 50-day moving average price of $159.00 and a 200 day moving average price of $145.11. The firm has a market cap of $211.01 billion, a PE ratio of 34.65, a P/E/G ratio of 2.93 and a beta of 0.66.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the previous year, the business earned $1.41 EPS. RTX’s revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Transactions at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction dated 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 completion of the transaction, the insider owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 over the last quarter. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RTX shares. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. JPMorgan Chase & Co. lifted 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. Susquehanna lifted their price objective on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $164.13.

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.