RTX Corporation $RTX Shares Sold by Hamilton Point Investment Advisors LLC

Key Points

• Hamilton Point Investment Advisors LLC reduced its stake in RTX Corporation by 3.4%, holding approximately 116,590 shares valued at $17,025,000 as of the latest SEC filing.
• RTX reported earnings per share of $1.56 for the last quarter, exceeding estimates, with a revenue of $21.58 billion, reflecting a 9.4% year-over-year increase.
• Institutional investors and hedge funds collectively own 86.50% of RTX stock, indicating strong institutional interest in the company.

Hamilton Point Investment Advisors LLC lessened its holdings in RTX Corporation (NYSE:RTX - Free Report) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,590 shares of the company's stock after selling 4,152 shares during the period. RTX accounts for about 2.8% of Hamilton Point Investment Advisors LLC's investment portfolio, making the stock its 7th biggest holding. Hamilton Point Investment Advisors LLC's holdings in RTX were worth $17,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bay Capital Advisors LLC acquired a new position in RTX during the 1st quarter worth $224,000. Dynamic Advisor Solutions LLC lifted its position in RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock worth $4,591,000 after acquiring an additional 2,686 shares during the last quarter. Brookwood Investment Group LLC bought a new position in shares of RTX during the 1st quarter worth about $1,288,000. LBP AM SA increased its holdings in shares of RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company's stock worth $36,980,000 after purchasing an additional 41,990 shares during the period. Finally, Arizona State Retirement System increased its holdings in shares of RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company's stock worth $51,741,000 after purchasing an additional 5,356 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Up 0.7%

RTX opened at $158.83 on Tuesday. The firm's fifty day moving average is $159.02 and its two-hundred day moving average is $145.30. 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 firm has a market cap of $212.59 billion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $170.85.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (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 the consensus estimate 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 prior year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Analyst Ratings Changes

RTX has been the topic of several research reports. Royal Bank Of Canada restated an "outperform" rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. The Goldman Sachs Group boosted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a report on Monday, June 23rd. Jefferies Financial Group restated a "hold" rating on shares of RTX in a report on Monday, July 21st. JPMorgan Chase & Co. upped their target price 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, Sanford C. Bernstein upped their target price on shares of RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.13.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the sale, the executive vice president owned 13,184 shares of the company's stock, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last quarter. Company insiders own 0.15% of the company's stock.

About RTX

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.

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.