IFP Advisors Inc Has $5.76 Million Stock Holdings in RTX Corporation $RTX

Key Points

• IFP Advisors Inc has reduced its holdings in RTX Corporation by 25.3%, now owning 38,278 shares valued at approximately $5.76 million as of the latest SEC filing.
• Analysts are optimistic about RTX, with multiple firms raising their price targets significantly, including JPMorgan increasing it from $145 to $175.
• Insider trades have seen significant activity, with insiders selling 56,635 shares totaling nearly $8.95 million in the last quarter.

IFP Advisors Inc decreased its holdings in RTX Corporation (NYSE:RTX - Free Report) by 25.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,278 shares of the company's stock after selling 12,951 shares during the quarter. IFP Advisors Inc's holdings in RTX were worth $5,764,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in RTX. MorganRosel Wealth Management LLC bought a new stake in shares of RTX in the 1st quarter worth about $26,000. PFS Partners LLC grew its holdings in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock worth $26,000 after purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of RTX in the 1st quarter worth about $40,000. McClarren Financial Advisors Inc. bought a new stake in shares of RTX in the 1st quarter worth about $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of RTX in the 1st quarter worth about $50,000. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RTX. JPMorgan Chase & Co. upped their target price on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Sanford C. Bernstein increased their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a "market perform" rating in a report on Monday. Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Bank of America increased their price objective on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of RTX in a report on Wednesday. Two 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $164.13.

RTX Stock Performance

RTX stock opened at $162.08 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $170.85. The company 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 50-day moving average is $158.98 and its two-hundred day moving average is $144.80.

RTX (NYSE:RTX - Get Free Report) last released its earnings results 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 company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the company posted $1.41 EPS. The company'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. Equities analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

Insider Activity at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the company's stock in a transaction dated 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 transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company's stock.

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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