Callan Family Office LLC Has $16.03 Million Holdings in RTX Corporation $RTX

Key Points

• Callan Family Office LLC increased its stake in RTX Corporation by 194.8% in Q2, acquiring an additional 72,539 shares, bringing its total holdings to 109,786 shares valued at approximately $16.03 million.
• Insiders at RTX have sold a total of 56,635 shares worth $8.95 million in the past 90 days, indicating a significant decrease in their ownership stake.
• Analysts have recently adjusted their price targets for RTX, with Sanford C. Bernstein raising it from $157.00 to $181.00 and The Goldman Sachs Group increasing it from $114.00 to $126.00.

Callan Family Office LLC lifted its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 194.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,786 shares of the company's stock after buying an additional 72,539 shares during the quarter. Callan Family Office LLC's holdings in RTX were worth $16,031,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RTX. Bay Capital Advisors LLC acquired a new position in shares of RTX during the first quarter valued at about $224,000. Dynamic Advisor Solutions LLC raised its position in RTX by 8.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after acquiring an additional 2,686 shares during the period. Brookwood Investment Group LLC bought a new stake in RTX in the first quarter worth about $1,288,000. LBP AM SA raised its position in RTX by 17.7% in the first quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after acquiring an additional 41,990 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock valued at $51,741,000 after buying an additional 5,356 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the firm'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 sale, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 in the last 90 days. Insiders own 0.15% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on RTX. Sanford C. Bernstein upped their price target on shares of RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a research note on Monday. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a report on Monday, July 21st. Weiss Ratings reissued a "buy (b-)" rating on shares of RTX in a report on Wednesday. Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, The Goldman Sachs Group upped their price objective on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research note on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, RTX currently has an average rating of "Moderate Buy" and a consensus target price of $164.13.

RTX Price Performance

Shares of RTX opened at $162.08 on Friday. The stock has a market cap of $216.95 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66. 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 Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85. The firm's 50-day simple moving average is $158.98 and its two-hundred day simple moving average is $144.80.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts anticipate that RTX Corporation will post 6.11 earnings per share 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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