RTX Corporation $RTX Shares Sold by Trust Co of Kansas

Key Points

• Trust Co of Kansas reduced its stake in RTX Corporation by 4.2% in the second quarter, now holding 58,685 shares valued at approximately $8.57 million.
• RTX reported a quarterly EPS of $1.56, exceeding expectations, with revenues of $21.58 billion—a 9.4% year-over-year increase.
• Wall Street analysts have mixed views on RTX, with price targets ranging from $126 to $182 and a consensus rating of "Moderate Buy."

Trust Co of Kansas trimmed its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,685 shares of the company's stock after selling 2,602 shares during the quarter. RTX makes up about 4.1% of Trust Co of Kansas' investment portfolio, making the stock its 6th largest holding. Trust Co of Kansas' holdings in RTX were worth $8,569,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after acquiring an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of RTX by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock valued at $1,371,171,000 after acquiring an additional 104,139 shares in the last quarter. Invesco Ltd. raised its stake in shares of RTX by 1.5% in the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock valued at $1,365,969,000 after acquiring an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of RTX by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock valued at $1,021,623,000 after acquiring an additional 65,493 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of RTX in the 1st quarter valued at approximately $916,739,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

RTX opened at $167.37 on Thursday. The stock has a market cap of $224.03 billion, a PE ratio of 36.78, a P/E/G ratio of 3.08 and a beta of 0.66. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $168.28. The stock's 50 day simple moving average is $157.75 and its 200-day simple moving average is $143.42.

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

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. lifted their price target on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen downgraded RTX from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. Bank of America lifted their price target on RTX from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Citigroup lifted their price target on RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.87.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the business's stock in a transaction that occurred on 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 directly owned 13,184 shares in the company, valued at approximately $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value 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. This represents a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last quarter. 0.15% of the stock is currently owned by corporate insiders.

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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