RTX Corporation $RTX Stock Holdings Boosted by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in RTX Corporation by 18.2%, acquiring an additional 30,557 shares, bringing its total to 198,621 shares valued at approximately $29 million.
• Insiders at RTX have sold 56,635 shares valued at around $8.9 million, indicating ongoing changes in ownership dynamics, with insiders owning just 0.15% of the company's stock.
• RTX reported $1.56 earnings per share in its latest earnings release, exceeding analysts' estimates, and has a target price consensus of $164.13 among analysts, indicating a generally positive outlook.

Vanguard Personalized Indexing Management LLC raised its position in shares of RTX Corporation (NYSE:RTX - Free Report) by 18.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 198,621 shares of the company's stock after purchasing an additional 30,557 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in RTX were worth $29,085,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of RTX by 1.1% during the 1st 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. Charles Schwab Investment Management Inc. boosted its stake in shares of RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company's stock worth $1,371,171,000 after acquiring an additional 104,139 shares in the last quarter. Invesco Ltd. boosted its stake in shares of RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company's stock worth $1,365,969,000 after acquiring an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of RTX by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company's stock valued at $1,021,623,000 after purchasing an additional 65,493 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of RTX in the first quarter valued at $916,739,000. 86.50% of the stock is owned by institutional investors.

Insider Activity at RTX

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company's stock.

RTX Price Performance

NYSE RTX opened at $157.64 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $211.01 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.66. The company has a 50 day moving average price of $159.00 and a two-hundred day moving average price of $145.03. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $170.85.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Sanford C. Bernstein increased their target price on RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a report on Monday, October 6th. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a report on Monday, July 14th. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a report on Monday, June 23rd. JPMorgan Chase & Co. increased their target price on RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Two 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $164.13.

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.