Chevy Chase Trust Holdings LLC Has $104.63 Million Stock Position in RTX Corporation $RTX

Key Points

• Chevy Chase Trust Holdings LLC increased its position in RTX Corporation by 0.9% during Q2, now holding 716,515 shares valued at approximately $104.63 million.
• RTX has received positive ratings, with analysts setting a consensus target price of $164.13, and two analysts rating it as a Strong Buy.
• The company's recent earnings report revealed a 9.4% increase in revenue year-over-year and earnings per share (EPS) of $1.56, exceeding expectations.

Chevy Chase Trust Holdings LLC lifted its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 0.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 716,515 shares of the company's stock after buying an additional 6,689 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of RTX worth $104,626,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock worth $1,969,000 after acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC grew its position in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock worth $564,000 after acquiring an additional 159 shares during the last quarter. GAMMA Investing LLC grew its position in RTX by 12.8% during the 1st quarter. GAMMA Investing LLC now owns 31,430 shares of the company's stock worth $4,163,000 after acquiring an additional 3,561 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in RTX by 4.6% during the 1st quarter. Johnson Investment Counsel Inc. now owns 34,481 shares of the company's stock worth $4,567,000 after acquiring an additional 1,515 shares during the last quarter. Finally, Boston Trust Walden Corp bought a new stake in RTX during the 1st quarter worth $1,576,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $195.00 price objective on shares of RTX in a research report on Wednesday, October 8th. Barclays boosted their price objective on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Citigroup boosted their price objective on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research report on Monday, July 21st. Finally, Bank of America upped their price target on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and a consensus target price of $164.13.

RTX Trading Down 0.1%

NYSE RTX opened at $156.79 on Friday. The business's 50-day moving average price is $159.14 and its two-hundred day moving average price is $145.64. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85. The firm has a market capitalization of $209.87 billion, a PE ratio of 34.46, a price-to-earnings-growth ratio of 2.92 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 (NYSE:RTX - Get Free Report) last released 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 analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, analysts expect that RTX Corporation will post 6.11 EPS for the current year.

Insider Buying and Selling

In other news, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction dated Monday, August 4th. The stock was 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. The trade was a 42.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last three months. Insiders own 0.15% of the company's stock.

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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