RTX Corporation $RTX Shares Purchased by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors LLC increased its stake in RTX Corporation by 3.9% during the second quarter, holding 89,447 shares worth approximately $13.06 million.
• RTX reported a quarterly earnings of $1.56 EPS, exceeding analysts' expectations of $1.45, with revenue of $21.58 billion for the quarter.
• Wall Street analysts have boosted RTX's price targets, with JPMorgan Chase raising its target to $175.00, indicating a positive outlook for the company.

Valeo Financial Advisors LLC raised its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,447 shares of the company's stock after acquiring an additional 3,364 shares during the quarter. Valeo Financial Advisors LLC's holdings in RTX were worth $13,061,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Nuveen LLC bought a new position in shares of RTX during the 1st quarter worth approximately $916,739,000. Goldman Sachs Group Inc. increased its position in RTX by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock worth $845,784,000 after purchasing an additional 1,394,918 shares during the period. Vanguard Group Inc. boosted its stake in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after acquiring an additional 1,357,328 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in RTX by 1,178.2% in the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock valued at $160,588,000 after buying an additional 1,117,506 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new position in RTX during the first quarter valued at approximately $130,194,000. Institutional investors own 86.50% of the company's stock.

RTX Trading Up 0.1%

NYSE:RTX opened at $166.73 on Monday. The firm has a market capitalization of $223.18 billion, a P/E ratio of 36.64, a P/E/G ratio of 3.07 and a beta of 0.66. The company has a fifty day moving average of $158.18 and a 200 day moving average of $144.02. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $168.28. 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 posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the sale, the insider owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays boosted their price target on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a report on Monday, July 21st. JPMorgan Chase & Co. raised their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group raised their price target on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Finally, Susquehanna lifted their price target on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average 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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