Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 4,652 Shares of RTX Corporation $RTX

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in shares of RTX Corporation (NYSE:RTX) by 6.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,221 shares of the company’s stock after selling 4,652 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in RTX were worth $12,108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in RTX in the second quarter worth $20,970,571,000. State Street Corp grew its holdings in shares of RTX by 3.1% during the second quarter. State Street Corp now owns 95,417,318 shares of the company’s stock worth $18,103,528,000 after purchasing an additional 2,828,056 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of RTX by 5.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock valued at $1,649,501,000 after buying an additional 411,356 shares in the last quarter. Amundi increased its stake in shares of RTX by 4.0% in the second quarter. Amundi now owns 7,768,207 shares of the company’s stock valued at $1,473,862,000 after buying an additional 295,964 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of RTX in the second quarter valued at $1,456,256,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RTX shares. Barclays lifted their price target on RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday. TD Cowen decreased their price objective on shares of RTX from $240.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, October 9th. DA Davidson raised their price objective on shares of RTX from $192.00 to $219.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Weiss Ratings raised shares of RTX from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday. Finally, Rothschild & Co Redburn boosted their target price on shares of RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $227.12.

RTX Stock Up 0.0%

Shares of RTX opened at $191.10 on Monday. The firm has a market capitalization of $257.88 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 2.24 and a beta of 0.31. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. The business’s fifty day moving average price is $196.68 and its two-hundred day moving average price is $193.59. RTX Corporation has a 52 week low of $166.74 and a 52 week high of $226.88.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.78 by $0.48. The company had revenue of $24.96 billion during the quarter, compared to analysts’ expectations of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm earned $1.70 EPS. On average, analysts predict that RTX Corporation will post 7.57 earnings per share for the current year.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $216.93, for a total value of $488,092.50. Following the completion of the sale, the vice president owned 20,099 shares of the company’s stock, valued at approximately $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by company insiders.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, secured a $350 million U.S. Air Force contract modification, reinforcing defense backlog visibility and supporting future revenue. RTX’s Raytheon Secures $350 Million US Air Force Contract Modification
• Positive Sentiment: Erste Group Bank raised its RTX EPS forecasts to $7.30 for fiscal 2026 and $7.90 for fiscal 2027, citing improving expectations. The 2027 estimate is above the current consensus of $7.72. Erste Group Bank RTX earnings estimates
• Positive Sentiment: Analyst commentary continues to point to record third-quarter results, strong backlogs, aircraft production growth and resilient demand for replacement parts, repairs, engines and avionics. RTX’s latest reported quarter also exceeded earnings and revenue expectations. Are RTX Corporation and Northrop Grumman Ready to Break Out?
• Positive Sentiment: Collins Aerospace plans a 2027 radio-altimeter upgrade for business aircraft to meet new FAA standards and improve resilience to 5G interference. The program could generate recurring upgrade and service demand without requiring full avionics replacements. What Does RTX Altimeter Upgrade Push Mean For Business Aviation?
• Neutral Sentiment: Several articles concern NVIDIA GeForce RTX graphics cards, stolen GPUs and gaming products. Those stories are unrelated to RTX Corporation and should not be treated as catalysts for RTX stock.

RTX Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.