Blair William & Co. IL Buys 9,211 Shares of RTX Corporation $RTX

Blair William & Co. IL grew its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 2.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 360,823 shares of the company's stock after acquiring an additional 9,211 shares during the period. Blair William & Co. IL's holdings in RTX were worth $52,687,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. PFS Partners LLC boosted its holdings in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after purchasing an additional 89 shares during the period. MorganRosel Wealth Management LLC bought a new position in RTX in the 1st quarter valued at $26,000. Summit Securities Group LLC bought a new position in RTX in the 1st quarter valued at $40,000. McClarren Financial Advisors Inc. bought a new position in RTX in the 1st quarter valued at $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in RTX in the 1st quarter valued at $50,000. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction dated 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 transaction, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. The trade was a 22.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 56,635 shares of company stock valued at $8,947,010. Company insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RTX shares. Susquehanna raised their price objective on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. Citigroup raised their price objective on shares of RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Sanford C. Bernstein raised their price objective on shares of RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a research report on Monday. Weiss Ratings restated a "buy (b-)" rating on shares of RTX in a research report on Wednesday. Finally, Bank of America raised their price objective on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $164.13.

RTX Price Performance

Shares of NYSE:RTX opened at $162.08 on Friday. The stock has a market cap of $216.95 billion, a PE ratio of 35.62, a PEG ratio of 3.11 and a beta of 0.66. The company's fifty day moving average is $158.98 and its 200 day moving average is $144.80. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85. 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 (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) 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 quarter in the previous year, the company earned $1.41 earnings per share. The company'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. Research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

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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