Davidson Investment Advisors Sells 4,123 Shares of RTX Corporation $RTX

Key Points

• Davidson Investment Advisors reduced its stake in RTX Corporation by 1.1%, now holding 364,458 shares valued at $53.2 million, making it the 6th largest position in their portfolio.
• Recent analyst ratings for RTX show a consensus of "Moderate Buy" with an average price target of $164.13, indicating a positive outlook for the company's performance.
• In a recent earnings report, RTX beat expectations with an earnings per share (EPS) of $1.56 and reported quarterly revenue of $21.58 billion, reflecting a year-over-year growth of 9.4%.

Davidson Investment Advisors cut its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,458 shares of the company's stock after selling 4,123 shares during the quarter. RTX makes up 2.4% of Davidson Investment Advisors' portfolio, making the stock its 6th largest position. Davidson Investment Advisors' holdings in RTX were worth $53,218,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in RTX in the 1st quarter valued at about $26,000. PFS Partners LLC boosted its stake in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC bought a new stake in shares of RTX in the first quarter valued at about $40,000. McClarren Financial Advisors Inc. acquired a new position in shares of RTX during the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in RTX during the first quarter worth approximately $50,000. Institutional investors and hedge funds own 86.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on RTX shares. UBS Group raised their target price on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Susquehanna upped their target price on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Barclays upped their target price on RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of RTX in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $164.13.

RTX Trading Up 0.4%

NYSE:RTX opened at $159.45 on Wednesday. The company has a market cap of $213.43 billion, a PE ratio of 35.04, a PEG ratio of 2.95 and a beta of 0.66. RTX Corporation has a one year low of $112.27 and a one year high of $170.85. The firm has a 50-day moving average of $159.09 and a 200-day moving average of $145.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX - Get Free Report) last announced its 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 company 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%.RTX's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Transactions at RTX

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. 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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