Interchange Capital Partners LLC Sells 11,883 Shares of RTX Corporation $RTX

Key Points

• Interchange Capital Partners LLC significantly reduced its stake in RTX Corporation by 97.0%, selling 11,883 shares and now owning only 364 shares, valued at approximately $53,000.
• RTX stocks recently traded at $156.94, experiencing a 1.5% decline, with analysts projecting EPS of 6.11 for the current fiscal year.
• Several analysts have increased RTX's price targets, with Bank of America raising it from $150.00 to $175.00 and maintaining a "buy" rating.

Interchange Capital Partners LLC decreased its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 97.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364 shares of the company's stock after selling 11,883 shares during the period. Interchange Capital Partners LLC's holdings in RTX were worth $53,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bay Capital Advisors LLC bought a new stake in shares of RTX during the 1st quarter valued at about $224,000. Brookwood Investment Group LLC bought a new position in RTX in the first quarter worth approximately $1,288,000. LBP AM SA boosted its holdings in RTX by 17.7% in the first quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after acquiring an additional 41,990 shares in the last quarter. Arizona State Retirement System boosted its holdings in RTX by 1.4% in the first quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock worth $51,741,000 after acquiring an additional 5,356 shares in the last quarter. Finally, Redwood Financial Network Corp bought a new position in RTX in the first quarter worth approximately $243,000. Institutional investors own 86.50% of the company's stock.

RTX Stock Down 1.5%

RTX stock opened at $156.94 on Thursday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $170.85. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock's 50 day moving average is $159.11 and its 200-day moving average is $145.47. The firm has a market capitalization of $210.07 billion, a PE ratio of 34.49, a P/E/G ratio of 2.96 and a beta of 0.66.

RTX (NYSE:RTX - Get Free Report) last issued 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 company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX's revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RTX has been the topic of several recent research reports. Bank of America increased 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. Weiss Ratings reiterated a "buy (b-)" rating on shares of RTX in a report on Wednesday, October 8th. Barclays increased their price target on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Susquehanna raised their target price on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley raised their target price on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a 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 assigned a Hold rating to the company. According to data from MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.13.

Insider Activity at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares of the company's stock, valued at approximately $2,551,798.40. This trade represents a 31.76% 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, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction that occurred on 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last ninety days. Insiders own 0.15% of the company's stock.

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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