Old Port Advisors Sells 2,112 Shares of RTX Corporation $RTX

Key Points

• Old Port Advisors reduced its stake in RTX Corporation by 45.4% during the second quarter, selling 2,112 shares and holding a total of 2,543 shares valued at approximately $371,000.
• RTX's stock saw a 1.9% increase in value, with shares opening at $163.50 and a market cap of $218.85 billion.
• The company reported a quarterly EPS of $1.56, surpassing analysts' expectations, and set a FY 2025 guidance of 5.800-5.950 EPS.

Old Port Advisors reduced its stake in RTX Corporation (NYSE:RTX - Free Report) by 45.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,543 shares of the company's stock after selling 2,112 shares during the period. Old Port Advisors' holdings in RTX were worth $371,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RTX. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX during the first quarter valued at approximately $26,000. PFS Partners LLC grew its stake in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after acquiring an additional 89 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of RTX in the 1st quarter worth $40,000. McClarren Financial Advisors Inc. purchased a new position in shares of RTX in the 1st quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of RTX in the 1st quarter worth about $50,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Up 1.9%

Shares of NYSE:RTX opened at $163.50 on Friday. The firm's 50 day moving average price is $156.93 and its 200 day moving average price is $142.75. The stock has a market cap of $218.85 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $165.35. 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 EPS for the quarter, beating the consensus estimate 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%. The firm's revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Buying and Selling at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

RTX has been the subject of several recent research reports. Sanford C. Bernstein boosted their price target on shares of RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a report on Wednesday, September 10th. Barclays lifted their price objective on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group boosted their target price on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Citigroup boosted their target price on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Bank of America boosted their target price on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and an average price target of $158.87.

RTX Company 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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