Generali Asset Management SPA SGR Sells 13,604 Shares of RTX Corporation $RTX

Key Points

• Generali Asset Management SPA SGR reduced its stake in RTX Corporation by 68.4%, selling 13,604 shares and leaving it with 6,296 shares valued at approximately $919,000.
• RTX has seen a number of upgrades from analysts, with JPMorgan and Bank of America raising their price targets to $175.00, and currently holds an average rating of "Moderate Buy".
• Insider trading has been significant, with VP Kevin G. Dasilva selling 8,704 shares and insiders collectively selling 56,635 shares valued at about $8.9 million in the last 90 days.

Generali Asset Management SPA SGR lowered its stake in RTX Corporation (NYSE:RTX - Free Report) by 68.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,296 shares of the company's stock after selling 13,604 shares during the period. Generali Asset Management SPA SGR's holdings in RTX were worth $919,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC grew its position in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $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% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after acquiring an additional 159 shares during the last quarter. GAMMA Investing LLC grew its position in RTX by 12.8% in the first quarter. GAMMA Investing LLC now owns 31,430 shares of the company's stock valued at $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% in the first quarter. Johnson Investment Counsel Inc. now owns 34,481 shares of the company's stock valued at $4,567,000 after acquiring an additional 1,515 shares during the last quarter. Finally, Boston Trust Walden Corp bought a new position in RTX in the first quarter valued at about $1,576,000. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of RTX in a research report on Wednesday, October 8th. Sanford C. Bernstein lifted their target price on RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a research report on Monday, October 6th. JPMorgan Chase & Co. boosted their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Susquehanna boosted their price target on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Finally, Bank of America boosted their price target on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Two equities research 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, RTX currently has an average rating of "Moderate Buy" and an average price target of $164.13.

Insider Buying and Selling

In related news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president directly owned 30,004 shares of the company's stock, valued at $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock valued at $8,947,010 over the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

RTX Price Performance

RTX stock opened at $158.04 on Friday. The stock's 50 day moving average is $159.20 and its 200 day moving average is $145.82. 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 has a market cap of $211.55 billion, a P/E ratio of 34.73, a P/E/G ratio of 2.92 and a beta of 0.66. RTX Corporation has a one year low of $112.27 and a one year high of $170.85.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The company 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 firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same period 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, research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

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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