Aberdeen Group plc Buys 59,728 Shares of RTX Corporation $RTX

Key Points

• Aberdeen Group plc has increased its stake in RTX Corporation by 10.4%, now owning 631,448 shares valued at approximately $92.2 million.
• RTX Corporation reported earnings of $1.56 per share for the latest quarter, exceeding analyst expectations and showing a 9.4% year-over-year revenue increase.
• Institutional investors hold 86.50% of RTX's stock, with several major firms recently increasing their positions significantly, indicating strong market confidence.

Aberdeen Group plc increased its stake in RTX Corporation (NYSE:RTX - Free Report) by 10.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 631,448 shares of the company's stock after purchasing an additional 59,728 shares during the period. Aberdeen Group plc's holdings in RTX were worth $92,204,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RTX. Nuveen LLC bought a new position in RTX in the 1st quarter worth approximately $916,739,000. Goldman Sachs Group Inc. grew its holdings in RTX by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock worth $845,784,000 after acquiring an additional 1,394,918 shares during the period. Vanguard Group Inc. grew its holdings in RTX by 1.1% during 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. 1832 Asset Management L.P. grew its holdings in RTX by 1,178.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock worth $160,588,000 after acquiring an additional 1,117,506 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new stake in RTX during the 1st quarter worth $130,194,000. Institutional investors own 86.50% of the company's stock.

RTX Price Performance

Shares of NYSE RTX opened at $157.64 on Friday. The firm has a market cap of $211.01 billion, a PE ratio of 34.65, a PEG ratio of 2.91 and a beta of 0.66. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 1-year low of $112.27 and a 1-year high of $170.85. The company has a fifty day moving average price of $159.00 and a 200 day moving average price of $145.03.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.41 EPS. 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.

Insider Transactions at RTX

In other RTX news, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 17,684 shares of the company's stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. Company insiders own 0.15% of the company's stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of analyst reports. Sanford C. Bernstein lifted their target price on shares of RTX from $157.00 to $181.00 and gave the stock a "market perform" rating in a report on Monday, October 6th. UBS Group lifted their target price on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Morgan Stanley lifted their target price on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Finally, Barclays boosted their price target on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $164.13.

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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