RTX Corporation $RTX Shares Bought by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC increased its holdings in RTX Corporation by 66.8% in Q2, owning 32,667 shares valued at approximately $4.77 million.
• Brokerages have set varying price targets for RTX, with JPMorgan Chase raising its target to $175.00, indicating a positive outlook, while Wall Street Zen downgraded the stock to a "hold" rating.
• Insiders sold a total of 56,635 shares of RTX in recent months, with significant transactions reported by Troy D. Brunk and Shane G. Eddy, suggesting potential changes in insider sentiment.

Simplicity Wealth LLC grew its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 66.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,667 shares of the company's stock after purchasing an additional 13,088 shares during the period. Simplicity Wealth LLC's holdings in RTX were worth $4,770,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Gries Financial LLC boosted its holdings in shares of RTX by 0.7% in the 2nd quarter. Gries Financial LLC now owns 9,780 shares of the company's stock valued at $1,428,000 after purchasing an additional 69 shares during the last quarter. TrueWealth Advisors LLC raised its position in shares of RTX by 3.6% in the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company's stock worth $293,000 after buying an additional 70 shares during the period. RMR Wealth Builders raised its position in shares of RTX by 3.6% in the 2nd quarter. RMR Wealth Builders now owns 2,036 shares of the company's stock worth $297,000 after buying an additional 70 shares during the period. Verum Partners LLC raised its position in shares of RTX by 1.8% in the 2nd quarter. Verum Partners LLC now owns 4,093 shares of the company's stock worth $598,000 after buying an additional 73 shares during the period. Finally, Hamilton Capital LLC raised its position in shares of RTX by 3.6% in the 1st quarter. Hamilton Capital LLC now owns 2,122 shares of the company's stock worth $281,000 after buying an additional 74 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on RTX. Sanford C. Bernstein increased their target price on RTX from $154.00 to $157.00 and gave the stock a "market perform" rating in a research report on Wednesday, September 10th. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $170.00 target price (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Finally, JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. 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 stock. Based on data from MarketBeat.com, RTX has an average rating of "Moderate Buy" and a consensus target price of $158.87.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock valued at $8,947,010. Company insiders own 0.15% of the company's stock.

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 firm has a market capitalization of $223.18 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The business's 50-day moving average is $158.18 and its two-hundred day moving average is $143.95.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the previous year, the company earned $1.41 earnings per share. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

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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