RTX Corporation $RTX Shares Purchased by Beaumont Asset Management L.L.C.

Beaumont Asset Management L.L.C. grew its position in RTX Corporation (NYSE:RTX) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,027 shares of the company’s stock after acquiring an additional 103 shares during the quarter. Beaumont Asset Management L.L.C.’s holdings in RTX were worth $734,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Nuveen LLC purchased a new position in shares of RTX in the first quarter valued at $916,739,000. Goldman Sachs Group Inc. boosted its stake in shares of RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after acquiring an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. boosted its stake in RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after buying an additional 1,357,328 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in RTX by 1,178.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after buying an additional 1,117,506 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in RTX in the 1st quarter worth about $130,194,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity

In related news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares in the company, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $4,149,426.72. 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 90 days. Company insiders own 0.15% of the company’s stock.

RTX Stock Down 0.5%

NYSE:RTX opened at $168.47 on Thursday. The firm has a market capitalization of $225.50 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 3.12 and a beta of 0.66. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $170.85. 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 business’s fifty day moving average price is $158.89 and its 200 day moving average price is $144.61.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion for 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 business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their target price 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. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price objective (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Morgan Stanley lifted their price objective on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Bank of America boosted their price target on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

About RTX

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.