RTX Corporation $RTX Stock Position Decreased by Verdence Capital Advisors LLC

Key Points

• Verdence Capital Advisors LLC has reduced its stake in RTX Corporation by 7.9%, selling 2,862 shares during the second quarter, bringing its total holdings to 33,544 shares valued at approximately $4.9 million.
• Despite a 2.8% decline in stock price, RTX reported earnings of $1.56 per share for the last quarter, surpassing estimates, and projects an EPS of 5.800-5.950 for FY 2025.
• Investment firms have issued mixed ratings on RTX; while Bank of America set a buy rating with a target price of $175, Jefferies Financial Group maintained a hold rating on the stock.

Verdence Capital Advisors LLC trimmed its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,544 shares of the company's stock after selling 2,862 shares during the quarter. Verdence Capital Advisors LLC's holdings in RTX were worth $4,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Gries Financial LLC increased its position in RTX by 0.7% during the second quarter. Gries Financial LLC now owns 9,780 shares of the company's stock worth $1,428,000 after buying an additional 69 shares during the last quarter. M3 Advisory Group LLC boosted its stake in shares of RTX by 2.7% during the 2nd quarter. M3 Advisory Group LLC now owns 2,631 shares of the company's stock worth $384,000 after acquiring an additional 69 shares in the last quarter. TrueWealth Advisors LLC increased its holdings in shares of RTX by 3.6% during the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company's stock valued at $293,000 after acquiring an additional 70 shares during the last quarter. RMR Wealth Builders raised its stake in shares of RTX by 3.6% in the 2nd quarter. RMR Wealth Builders now owns 2,036 shares of the company's stock valued at $297,000 after acquiring an additional 70 shares in the last quarter. Finally, Verum Partners LLC lifted its holdings in 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 purchasing an additional 73 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Stock Down 2.8%

NYSE RTX opened at $157.64 on Monday. The stock has a market capitalization of $211.01 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85. 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 fifty day moving average of $159.00 and a 200-day moving average of $145.11.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RTX. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research note on Monday, July 21st. Bank of America upped their target price on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Morgan Stanley raised their price target 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. The Goldman Sachs Group lifted their price objective on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. Finally, Sanford C. Bernstein increased their target price on RTX from $157.00 to $181.00 and gave the stock a "market perform" rating in a report on Monday, October 6th. 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.13.

Insider Buying and Selling at RTX

In other RTX news, 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 value of $1,187,900.80. Following the transaction, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares of the company's stock, valued at $4,686,624.80. This represents a 22.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 over the last 90 days. Company insiders own 0.15% of the company's stock.

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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