Arista Wealth Management LLC Makes New Investment in RTX Corporation $RTX

Key Points

• Arista Wealth Management LLC has invested approximately $3,080,000 in RTX Corporation by acquiring 21,094 shares during the second quarter.
• Analysts have raised their price targets for RTX, with Goldman Sachs increasing it from $114.00 to $126.00, while Citigroup set a target of $182.00, reflecting positive market sentiment.
• RTX reported a quarterly earnings per share of $1.56, surpassing estimates and showing a revenue increase of 9.4% year-over-year, indicating strong operational performance.

Arista Wealth Management LLC acquired a new position in RTX Corporation (NYSE:RTX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,094 shares of the company's stock, valued at approximately $3,080,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RTX. Nuveen LLC bought a new position in shares of RTX in the first quarter worth approximately $916,739,000. Goldman Sachs Group Inc. lifted its position in 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 purchasing an additional 1,394,918 shares during the period. Vanguard Group Inc. lifted its position in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares during the period. 1832 Asset Management L.P. lifted its position in RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock valued at $160,588,000 after purchasing an additional 1,117,506 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new position in RTX during the first quarter valued at approximately $130,194,000. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RTX. The Goldman Sachs Group increased 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. Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a research report on Monday, July 21st. Susquehanna increased their price target 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. Citigroup increased their price target on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Morgan Stanley increased their price target on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $164.13.

Insider Activity

In other news, insider Shane G. Eddy sold 25,968 shares of the firm's stock in a transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the sale, the insider owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by insiders.

RTX Stock Down 0.1%

Shares of RTX stock opened at $156.79 on Friday. The company has a market capitalization of $209.87 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 2.92 and a beta of 0.66. RTX Corporation has a one year low of $112.27 and a one year high of $170.85. The company's fifty day moving average price is $159.14 and its 200-day moving average price is $145.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate 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 net margin of 7.35% and a return on equity of 12.89%. The company's revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

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.

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