Kidder Stephen W Has $11.39 Million Stock Holdings in RTX Corporation $RTX

Key Points

• Kidder Stephen W reduced its holdings in RTX Corporation by 4.7%, now owning 77,974 shares worth approximately $11.39 million.
• Insider Troy D. Brunk recently sold 7,654 shares of RTX, representing a 31.76% decrease in his ownership.
• RTX Corporation's recent quarterly earnings showed an EPS of $1.56, surpassing analysts' expectations, with revenue growth of 9.4% year-over-year.

Kidder Stephen W lessened its holdings in RTX Corporation (NYSE:RTX - Free Report) by 4.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,974 shares of the company's stock after selling 3,829 shares during the period. RTX makes up 3.4% of Kidder Stephen W's portfolio, making the stock its 11th biggest position. Kidder Stephen W's holdings in RTX were worth $11,386,000 as of its most recent SEC filing.

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

Insider Transactions at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were 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 trade represents a 31.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the firm'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 transaction of $4,149,426.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RTX shares. UBS Group raised their price target on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Susquehanna lifted their price objective on RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reiterated an "outperform" rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Sanford C. Bernstein lifted their price objective on RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a research report on Monday. Two 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. Based on data from MarketBeat, RTX presently has an average rating of "Moderate Buy" and an average target price of $160.47.

RTX Price Performance

RTX opened at $169.48 on Wednesday. RTX Corporation has a one year low of $112.27 and a one year high of $170.36. 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 company's 50 day simple moving average is $158.69 and its 200-day simple moving average is $144.45. The stock has a market capitalization of $226.86 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. RTX's revenue was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current fiscal 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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