RTX Corporation $RTX Shares Sold by Somerville Kurt F

Key Points

• Somerville Kurt F reduced its stake in RTX Corporation by 2.0%, holding 90,916 shares valued at approximately $13.28 million, making the stock its 21st largest holding.
• RTX reported quarterly earnings of $1.56 EPS, surpassing estimates of $1.45 and showing a revenue increase of 9.4% year-over-year, totaling $21.58 billion.
• Insiders at RTX sold a combined total of 56,635 shares worth nearly $8.95 million in the last 90 days, reflecting a significant decrease in their positions.

Somerville Kurt F lowered its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,916 shares of the company's stock after selling 1,827 shares during the quarter. RTX makes up about 2.2% of Somerville Kurt F's holdings, making the stock its 21st largest holding. Somerville Kurt F's holdings in RTX were worth $13,276,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RTX. Bay Capital Advisors LLC purchased a new position in shares of RTX in the first quarter worth about $224,000. Dynamic Advisor Solutions LLC grew its stake in RTX by 8.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock valued at $4,591,000 after acquiring an additional 2,686 shares in the last quarter. Brookwood Investment Group LLC acquired a new stake in RTX in the 1st quarter valued at about $1,288,000. LBP AM SA lifted its stake in RTX by 17.7% in 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 in the last quarter. Finally, Arizona State Retirement System lifted its stake in RTX by 1.4% in 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 in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Price Performance

NYSE:RTX opened at $169.48 on Wednesday. The company has a market capitalization of $226.86 billion, a P/E ratio of 37.25, a P/E/G ratio of 3.11 and a beta of 0.66. 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 Corporation has a 52 week low of $112.27 and a 52 week high of $170.36. The stock's fifty day moving average is $158.69 and its two-hundred day moving average is $144.45.

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, 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 firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. During the same period in the previous year, the firm earned $1.41 EPS. RTX's revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Equities analysts expect that RTX Corporation will post 6.11 EPS for the current year.

Insider Transactions at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of RTX stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total transaction of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares of the company's stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RTX. Weiss Ratings restated a "buy (b-)" rating on shares of RTX in a research report on Saturday, September 27th. The Goldman Sachs Group boosted their price objective on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research note on Monday, June 23rd. Jefferies Financial Group restated a "hold" rating on shares of RTX in a report on Monday, July 21st. Wall Street Zen lowered RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $160.47.

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.

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