RTX Corporation $RTX Shares Bought by FSM Wealth Advisors LLC

Key Points

• FSM Wealth Advisors LLC increased its holdings in RTX Corporation by 72.2% during the second quarter, now owning 10,752 shares valued at approximately $1.57 million.
• Analysts have raised their price targets on RTX shares, with Bank of America setting a new target of $175, while UBS increased it to $202, reflecting positive sentiment towards the stock.
• Insider selling activity revealed a significant transaction, with insider Philip J. Jasper selling 12,847 shares worth over $2 million, indicating a 42.08% decrease in his ownership.

FSM Wealth Advisors LLC grew its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 72.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,752 shares of the company's stock after purchasing an additional 4,508 shares during the period. FSM Wealth Advisors LLC's holdings in RTX were worth $1,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of RTX. Vanguard Group Inc. increased its holdings in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of RTX by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock worth $1,371,171,000 after acquiring an additional 104,139 shares during the period. Invesco Ltd. increased its holdings in shares of RTX by 1.5% in the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock worth $1,365,969,000 after acquiring an additional 154,544 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of RTX by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock worth $1,021,623,000 after acquiring an additional 65,493 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of RTX in the 1st quarter worth about $916,739,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction that occurred 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 transaction, the insider owned 17,684 shares of the company's stock, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,469 shares of company stock worth $7,364,841. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RTX has been the topic of a number of analyst reports. 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. UBS Group increased their target price on shares of RTX from $197.00 to $202.00 and gave the company a "buy" rating in a research report on Wednesday. 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 note on Tuesday, July 29th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of RTX in a research note on Wednesday, October 8th. Finally, Susquehanna raised their target price on shares of RTX from $175.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday. Two 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $175.80.

RTX Stock Performance

RTX stock opened at $178.84 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The stock has a market cap of $239.38 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.10 and a beta of 0.66. The firm has a 50 day simple moving average of $160.11 and a 200 day simple moving average of $146.72. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $178.76.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to analysts' expectations of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.45%. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

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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