RTX Corporation $RTX Holdings Decreased by Focused Investors LLC

Key Points

• Focused Investors LLC has reduced its stake in RTX Corporation by 2.1%, now holding 747,500 shares valued at approximately $109 million, which makes it the 14th largest holding in their portfolio.
• Several institutional investors, including Nuveen LLC and Goldman Sachs Group Inc., have also modified their positions, with Goldman Sachs increasing its stake by 28% recently.
• RTX's quarterly earnings exceeded expectations with a reported $1.56 earnings per share and revenue of $21.58 billion, showcasing a year-over-year revenue increase of 9.4%.

Focused Investors LLC reduced its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 747,500 shares of the company's stock after selling 16,000 shares during the quarter. RTX comprises about 3.6% of Focused Investors LLC's investment portfolio, making the stock its 14th largest holding. Focused Investors LLC owned 0.06% of RTX worth $109,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nuveen LLC bought a new stake in RTX in the first quarter worth about $916,739,000. Goldman Sachs Group Inc. raised its position in RTX by 28.0% in the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock worth $845,784,000 after acquiring an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. raised its position in RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares in the last quarter. 1832 Asset Management L.P. raised its position in RTX by 1,178.2% in the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock worth $160,588,000 after acquiring an additional 1,117,506 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in RTX during the 1st quarter worth about $130,194,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Up 0.4%

Shares of RTX stock opened at $169.48 on Wednesday. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $170.36. The stock has a market capitalization of $226.86 billion, a P/E ratio of 37.25, a PEG ratio of 3.11 and a beta of 0.66. The stock has a 50 day moving average price of $158.69 and a two-hundred day moving average price of $144.45. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays boosted their price objective on RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Wall Street Zen cut RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Morgan Stanley boosted their price target on RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $160.47.

Insider Buying and Selling

In other news, VP Kevin G. Dasilva sold 8,704 shares of the 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 completion of the sale, the vice president directly owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company's stock, valued at $2,007,395.84. The trade was a 9.98% 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 in the last ninety days. Company insiders own 0.15% of the company's stock.

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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