Coordinated Financial Services Inc. Makes New Investment in RTX Corporation $RTX

Key Points

• Coordinated Financial Services Inc. has made a new investment in RTX Corporation, acquiring 3,708 shares valued at approximately $541,000 during the 2nd quarter.
• Insider transactions indicate significant selling activity, with RTX’s VP and EVP selling a combined total of over $1.5 million in shares, reflecting decreases in their ownership positions.
• RTX's stock has experienced a 3.8% decline recently, despite the company reporting higher-than-expected quarterly earnings and revenues.

Coordinated Financial Services Inc. bought a new position in shares of RTX Corporation (NYSE:RTX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,708 shares of the company's stock, valued at approximately $541,000.

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

Insider Buying and Selling

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. 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 3.8%

Shares of RTX opened at $162.08 on Friday. The firm 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's fifty day moving average is $158.98 and its two-hundred day moving average is $144.80. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two 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 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. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. RTX's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on RTX shares. The Goldman Sachs Group increased their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Morgan Stanley upped their price objective on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group upped their price objective on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Sanford C. Bernstein upped their price objective on shares of RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a research note on Monday. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of RTX in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.13.

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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