RTX Corporation $RTX Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its stake in RTX Corporation by 64.2%, selling 50,172 shares during the 2nd quarter, leaving them with 28,019 shares valued at approximately $4.08 million.
• Several institutional investors have increased their holdings in RTX, with Nuveen LLC entering a new position worth about $916.7 million and Goldman Sachs boosting its stake by 28% in the first quarter.
• RTX reported a quarterly earnings increase with an EPS of $1.56, surpassing analyst estimates, and set a FY 2025 EPS guidance between $5.800 and $5.950.

Atria Wealth Solutions Inc. lessened its holdings in RTX Corporation (NYSE:RTX - Free Report) by 64.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,019 shares of the company's stock after selling 50,172 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in RTX were worth $4,089,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RTX. Nuveen LLC acquired a new position in RTX in the 1st quarter worth approximately $916,739,000. Goldman Sachs Group Inc. increased its holdings in RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock worth $845,784,000 after buying an additional 1,394,918 shares during the period. Vanguard Group Inc. increased its holdings in RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after buying an additional 1,357,328 shares during the period. 1832 Asset Management L.P. increased its holdings in RTX by 1,178.2% in 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 acquired a new position in RTX in the 1st quarter worth approximately $130,194,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Price Performance

Shares of NYSE RTX opened at $159.45 on Wednesday. The firm has a market cap of $213.43 billion, a PE ratio of 35.04, a PEG ratio of 2.95 and a beta of 0.66. The firm has a fifty day moving average of $159.09 and a 200 day moving average of $145.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a one year low of $112.27 and a one year high of $170.85.

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, topping 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%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Troy D. Brunk sold 7,654 shares of the business's 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 in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider owned 17,684 shares of the company's stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 in the last 90 days. 0.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Morgan Stanley increased their price target on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. UBS Group lifted their price target on RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Bank of America lifted their price target on RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, RTX has a consensus rating of "Moderate Buy" and a consensus target price of $164.13.

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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