International Assets Investment Management LLC Sells 1,719 Shares of RTX Corporation $RTX

Key Points

• International Assets Investment Management LLC reduced its holdings in RTX Corporation by 13.6%, selling 1,719 shares, and currently owns 10,903 shares valued at $1,592,000.
• Several institutional investors, including PFS Partners LLC and MorganRosel Wealth Management LLC, have increased their stakes in RTX, contributing to the institutional ownership which stands at 86.50%.
• RTX received positive growth forecasts from Wall Street analysts, with target prices raised by Morgan Stanley and Deutsche Bank, suggesting strong confidence in the company’s future performance.

International Assets Investment Management LLC trimmed its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 13.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,903 shares of the company's stock after selling 1,719 shares during the quarter. International Assets Investment Management LLC's holdings in RTX were worth $1,592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PFS Partners LLC lifted its position in shares of RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company's stock worth $26,000 after purchasing an additional 89 shares during the last quarter. MorganRosel Wealth Management LLC bought a new stake in shares of RTX during the first quarter worth $26,000. Summit Securities Group LLC bought a new stake in shares of RTX during the first quarter worth $40,000. McClarren Financial Advisors Inc. bought a new stake in shares of RTX in the first quarter valued at about $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of RTX in the first quarter valued at about $50,000. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent research reports. Morgan Stanley lifted their price objective on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $195.00 target price on shares of RTX in a research note 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 note on Monday, October 6th. Weiss Ratings reiterated a "buy (b-)" rating on shares of RTX in a research note on Wednesday, October 8th. Finally, Bank of America lifted their target price on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $164.13.

Insider Buying and Selling at RTX

In related news, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of the company'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. In the last three months, insiders have sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company's stock.

RTX Price Performance

Shares of RTX stock opened at $158.04 on Monday. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85. The firm has a market capitalization of $211.55 billion, a price-to-earnings ratio of 34.73, a PEG ratio of 2.93 and a beta of 0.66. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. The stock's 50-day simple moving average is $159.20 and its 200-day simple moving average is $146.01.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping 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 business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The company's revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

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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