4,627 Shares in RTX Corporation $RTX Purchased by Eaton Financial Holdings Company LLC

Key Points

• Eaton Financial Holdings purchased 4,627 shares of RTX Corporation valued at approximately $676,000 during the second quarter.
• Several research analysts have raised their price targets for RTX, with Morgan Stanley setting a new objective of $180.00, while the average price target is now $158.87.
• In related news, insider Philip J. Jasper sold 12,847 shares for over $2 million, indicating significant insider trading activity at the company.

Eaton Financial Holdings Company LLC purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,627 shares of the company's stock, valued at approximately $676,000.

Other large investors have also recently bought and sold shares of the company. Gries Financial LLC boosted its stake in shares of RTX by 0.7% during the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company's stock worth $1,428,000 after acquiring an additional 69 shares in the last quarter. TrueWealth Advisors LLC boosted its position in RTX by 3.6% during the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company's stock worth $293,000 after purchasing an additional 70 shares in the last quarter. RMR Wealth Builders grew its holdings in RTX by 3.6% in the second quarter. RMR Wealth Builders now owns 2,036 shares of the company's stock valued at $297,000 after purchasing an additional 70 shares during the last quarter. Hamilton Capital LLC grew its holdings in RTX by 3.6% in the first quarter. Hamilton Capital LLC now owns 2,122 shares of the company's stock valued at $281,000 after purchasing an additional 74 shares during the last quarter. Finally, Persium Advisors LLC increased its position in shares of RTX by 1.6% in the second quarter. Persium Advisors LLC now owns 4,935 shares of the company's stock valued at $721,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Susquehanna boosted their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Sanford C. Bernstein increased their price target on shares of RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a research report on Wednesday, September 10th. Morgan Stanley raised their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and an average price target of $158.87.

RTX Stock Up 0.8%

RTX opened at $159.58 on Tuesday. The firm has a 50 day moving average price of $156.07 and a 200 day moving average price of $141.92. The company has a market cap of $213.60 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 2.92 and a beta of 0.67. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $161.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $20.68 billion. During the same period in the previous year, the company posted $1.41 earnings per share. RTX'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. Sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 15th were issued 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 dividend payout ratio is currently 59.78%.

Insider Buying and Selling

In related news, insider Philip J. Jasper sold 12,847 shares of the business's 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 transaction, the insider directly owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares of the company's stock, valued at $4,686,624.80. This trade represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last ninety days. Insiders own 0.15% of the company's stock.

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.

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