PUREfi Wealth LLC Buys New Stake in RTX Corporation $RTX

Key Points

• PUREfi Wealth LLC acquired a new stake in RTX Corporation, purchasing 1,767 shares valued at approximately $258,000 in the second quarter of the year.
• Institutional investors collectively own 86.50% of RTX's stock, with several other investors, including MorganRosel Wealth Management and PFS Partners LLC, also increasing their stakes.
• RTX reported better-than-expected earnings with a $1.56 EPS for the last quarter, surpassing analyst forecasts and demonstrating a 9.4% increase in year-over-year revenue.

PUREfi Wealth LLC bought a new stake in RTX Corporation (NYSE:RTX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,767 shares of the company's stock, valued at approximately $258,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new stake in RTX in the 1st quarter valued at approximately $26,000. PFS Partners LLC increased its holdings in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new stake in RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in RTX in the 1st quarter valued at approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of RTX in the first quarter worth $50,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Insider Buying and Selling

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction 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 owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the company's stock in a transaction on 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 completion of the transaction, the insider owned 17,684 shares of the company's stock, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last ninety days. Company insiders own 0.15% of the company's stock.

RTX Stock Performance

Shares of RTX stock opened at $166.73 on Monday. 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 fifty day moving average price of $158.18 and a 200 day moving average price of $144.02. The company has a market cap of $223.18 billion, a P/E ratio of 36.64, a PEG ratio of 3.07 and a beta of 0.66. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $168.28.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping 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 firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the previous year, the firm posted $1.41 earnings per share. 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. Sell-side analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Morgan Stanley upped their price objective on RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of RTX in a research report on Saturday, September 27th. Citigroup upped their price objective on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and a consensus target price of $158.87.

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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