Roundview Capital LLC Buys 6,982 Shares of RTX Corporation $RTX

Key Points

• Roundview Capital LLC increased its stake in RTX Corporation by 42.6%, acquiring an additional 6,982 shares in the second quarter, bringing its total holdings to 23,380 shares valued at approximately $3.41 million.
• Insider transactions revealed Troy D. Brunk and Shane G. Eddy sold significant amounts of stock, with total insider sales reaching $8.95 million over the last ninety days, indicating notable movement among company executives.
• RTX Corporation reported earnings of $1.56 per share for the last quarter, exceeding analysts' expectations and marking a 9.4% increase in revenue year-over-year.

Roundview Capital LLC grew its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 42.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,380 shares of the company's stock after buying an additional 6,982 shares during the quarter. Roundview Capital LLC's holdings in RTX were worth $3,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new stake in shares of RTX during the first quarter worth $26,000. PFS Partners LLC grew its stake in shares of RTX by 101.1% in the second 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 first quarter worth $40,000. McClarren Financial Advisors Inc. bought a new stake in shares of RTX in the first quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of RTX in the first quarter worth $50,000. Institutional investors own 86.50% of the company's stock.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 7,654 shares of the company's 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 sale, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shane G. Eddy sold 25,968 shares of the company's stock in a transaction dated Wednesday, August 27th. The stock was 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. Insiders have sold a total of 56,635 shares of company stock worth $8,947,010 over the last ninety days. Insiders own 0.15% of the company's stock.

RTX Trading Up 1.5%

RTX opened at $169.03 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $169.75. The firm has a market capitalization of $226.25 billion, a PE ratio of 37.15, a P/E/G ratio of 3.07 and a beta of 0.66. The company's 50-day moving average is $158.44 and its 200 day moving average is $144.27.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share 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 company had revenue of $21.58 billion for 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 firm'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. As a group, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on RTX. Weiss Ratings reissued a "buy (b-)" rating on shares of RTX in a research note on Saturday, September 27th. JPMorgan Chase & Co. boosted their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group boosted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Bank of America boosted their price objective on shares of RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Finally, Morgan Stanley boosted their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Three investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $160.47.

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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