CapWealth Advisors LLC Lowers Stock Holdings in RTX Corporation $RTX

Key Points

• CapWealth Advisors LLC reduced its stake in RTX Corporation by 33.9% in Q2, holding 170,503 shares valued at approximately $24.9 million after selling 87,571 shares.
• Insiders at RTX have sold a total of 56,635 shares worth around $8.94 million over the past three months, indicating potential profit-taking behavior among top executives.
• RTX Corporation reported $1.56 EPS for the last quarter, exceeding expectations and showing a year-over-year revenue increase of 9.4% to $21.58 billion.

CapWealth Advisors LLC trimmed its position in RTX Corporation (NYSE:RTX - Free Report) by 33.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,503 shares of the company's stock after selling 87,571 shares during the quarter. RTX makes up approximately 2.5% of CapWealth Advisors LLC's portfolio, making the stock its 15th biggest holding. CapWealth Advisors LLC's holdings in RTX were worth $24,897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTX. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the first quarter worth about $26,000. PFS Partners LLC increased its position in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company's stock worth $26,000 after purchasing an additional 89 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of RTX in the first quarter worth approximately $40,000. McClarren Financial Advisors Inc. bought a new position in shares of RTX in the first quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of RTX in the first quarter worth approximately $50,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 value of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares of the company's stock, valued at $2,790,888.88. This represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 over the last three months. Insiders own 0.15% of the company's stock.

RTX Stock Up 0.6%

Shares of NYSE RTX opened at $158.04 on Friday. RTX Corporation has a one year low of $112.27 and a one year high of $170.85. 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 firm's 50 day simple moving average is $159.20 and its two-hundred day simple moving average is $145.82. The stock has a market capitalization of $211.55 billion, a P/E ratio of 34.73, a PEG ratio of 2.92 and a beta of 0.66.

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

Analyst Upgrades and Downgrades

RTX has been the topic of several research analyst reports. Royal Bank Of Canada restated an "outperform" rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein upped their price objective on shares of RTX from $157.00 to $181.00 and gave the stock a "market perform" rating in a research report on Monday, October 6th. Two 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's stock. According to data from MarketBeat.com, RTX 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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