Diligent Investors LLC Cuts Stock Position in RTX Corporation $RTX

Key Points

• Diligent Investors LLC has reduced its stake in RTX Corporation by 22.4%, now holding 7,746 shares worth approximately $1.13 million.
• Insider Troy D. Brunk sold 7,654 shares for $1.19 million, resulting in a 31.76% decrease in his ownership of the stock.
• RTX Corporation reported a 9.4% increase in revenue year-over-year, with Q2 earnings of $1.56 EPS surpassing analysts' expectations of $1.45.

Diligent Investors LLC decreased its stake in RTX Corporation (NYSE:RTX - Free Report) by 22.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,746 shares of the company's stock after selling 2,234 shares during the period. Diligent Investors LLC's holdings in RTX were worth $1,131,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. PFS Partners LLC grew its stake in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company's stock worth $26,000 after buying an additional 89 shares during the period. MorganRosel Wealth Management LLC bought a new position in RTX in the 1st quarter worth about $26,000. Summit Securities Group LLC acquired a new position in shares of RTX during the first quarter valued at $40,000. McClarren Financial Advisors Inc. bought a new stake in RTX during the first quarter worth approximately $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of RTX in the 1st quarter worth approximately $50,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated 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 transaction, the insider directly owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by corporate insiders.

RTX Price Performance

Shares of NYSE:RTX opened at $166.73 on Friday. The stock has a market cap of $223.18 billion, a P/E ratio of 36.64, a P/E/G ratio of 3.07 and a beta of 0.66. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $168.28. The company has a 50 day moving average of $158.18 and a 200 day moving average of $143.89. 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 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $20.68 billion. During the same quarter last year, the business posted $1.41 EPS. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup raised their price target on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Susquehanna lifted their price objective on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Bank of America increased their price objective on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Morgan Stanley boosted their target price on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Jefferies Financial Group reiterated a "hold" rating on shares of RTX in a report on Monday, July 21st. Three 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $158.87.

RTX 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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