Rheos Capital Works Inc. Sells 65,000 Shares of RTX Corporation $RTX

Key Points

• Rheos Capital Works Inc. reduced its shareholding in RTX Corporation by 30.1%, selling 65,000 shares, leaving them with 151,000 shares valued at approximately $22 million.
• Several institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., have recently increased their stakes in RTX, reflecting a growing interest in the company.
• RTX reported a quarterly earnings per share of $1.56, surpassing estimates, and provided guidance for FY 2025 EPS of 5.800 to 5.950, indicating continued financial growth.

Rheos Capital Works Inc. trimmed its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 30.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 151,000 shares of the company's stock after selling 65,000 shares during the quarter. RTX makes up 1.3% of Rheos Capital Works Inc.'s holdings, making the stock its 27th biggest holding. Rheos Capital Works Inc.'s holdings in RTX were worth $22,049,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in RTX. Nuveen LLC bought a new position in shares of RTX during the first quarter valued at $916,739,000. Goldman Sachs Group Inc. increased its holdings in RTX by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock valued at $845,784,000 after purchasing an additional 1,394,918 shares during the period. Vanguard Group Inc. raised its position in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in RTX by 1,178.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock worth $160,588,000 after buying an additional 1,117,506 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of RTX in the 1st quarter valued at about $130,194,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Price Performance

RTX stock opened at $159.45 on Wednesday. The stock has a market capitalization of $213.43 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 2.95 and a beta of 0.66. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.85. 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 moving average price is $159.09 and its two-hundred day moving average price is $145.39.

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

Insider Activity

In related news, VP Kevin G. Dasilva sold 8,704 shares of the business's stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $1,187,900.80. Following the completion of the transaction, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock valued at $8,947,010. Corporate insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RTX shares. Weiss Ratings restated a "buy (b-)" rating on shares of RTX in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. UBS Group raised their price target on shares of RTX from $166.00 to $177.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Finally, Susquehanna increased their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Two 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $164.13.

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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