Merit Financial Group LLC Has $15.41 Million Holdings in RTX Corporation $RTX

Key Points

• Merit Financial Group LLC increased its stake in RTX Corporation by 44.7% in the second quarter, now holding approximately $15.41 million worth of shares.
• RTX reported $21.58 billion in revenue for the most recent quarter, exceeding analyst expectations, and set its FY 2025 guidance at $5.800-5.950 EPS.
• The stock has received several upgrades from analysts, with a consensus price target now at $158.87 and three analysts rating it as a Strong Buy.

Merit Financial Group LLC lifted its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 44.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,547 shares of the company's stock after buying an additional 32,628 shares during the quarter. Merit Financial Group LLC's holdings in RTX were worth $15,412,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in RTX in the first quarter valued at $26,000. PFS Partners LLC boosted its position in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock worth $26,000 after purchasing an additional 89 shares in the last quarter. Summit Securities Group LLC bought a new stake in RTX in the 1st quarter valued at about $40,000. McClarren Financial Advisors Inc. acquired a new position in RTX during the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in RTX during the 1st quarter worth approximately $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 0.1%

NYSE RTX opened at $166.73 on Friday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $168.28. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $223.18 billion, a P/E ratio of 36.64, a PEG ratio of 3.07 and a beta of 0.66. The business has a fifty day simple moving average of $158.18 and a 200 day simple moving average of $143.95.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the prior year, the business posted $1.41 EPS. The business'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. On average, analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analyst Ratings Changes

RTX has been the subject of several recent research reports. Sanford C. Bernstein boosted their price objective on RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a report on Wednesday, September 10th. Royal Bank Of Canada reissued an "outperform" rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Bank of America upped 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. Jefferies Financial Group reaffirmed a "hold" rating on shares of RTX in a research note on Monday, July 21st. Finally, Susquehanna boosted their target price 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. Three 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.87.

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction dated 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 sale, the executive vice president owned 13,184 shares of the company's stock, 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. In the last 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. Company insiders own 0.15% of the company's stock.

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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