Sapient Capital LLC Reduces Stock Holdings in RTX Corporation $RTX

Key Points

• Sapient Capital LLC has reduced its position in RTX Corporation by 5.2%, selling 3,535 shares and now holding 64,592 shares valued at approximately $9.43 million.
• Analysts predict growth for RTX, with Barclays raising its target price from $130 to $153, while Citigroup increased their target from $148 to $182, indicating strong confidence in the stock's performance.
• RTX recently reported a quarterly earnings of $1.56 per share, exceeding estimates, with revenues of $21.58 billion, representing a 9.4% increase compared to the previous year.

Sapient Capital LLC lowered its holdings in RTX Corporation (NYSE:RTX - Free Report) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,592 shares of the company's stock after selling 3,535 shares during the quarter. Sapient Capital LLC's holdings in RTX were worth $9,432,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. TrueWealth Advisors LLC raised its holdings in shares of RTX by 3.6% in the 2nd quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company's stock valued at $293,000 after purchasing an additional 70 shares in the last quarter. RMR Wealth Builders grew its position in shares of RTX by 3.6% in the 2nd quarter. RMR Wealth Builders now owns 2,036 shares of the company's stock worth $297,000 after buying an additional 70 shares during the last quarter. Hamilton Capital LLC grew its position in shares of RTX by 3.6% in the 1st quarter. Hamilton Capital LLC now owns 2,122 shares of the company's stock worth $281,000 after buying an additional 74 shares during the last quarter. Persium Advisors LLC grew its position in shares of RTX by 1.6% in the 2nd quarter. Persium Advisors LLC now owns 4,935 shares of the company's stock worth $721,000 after buying an additional 76 shares during the last quarter. Finally, ICW Investment Advisors LLC grew its position in shares of RTX by 0.6% in the 1st quarter. ICW Investment Advisors LLC now owns 13,845 shares of the company's stock worth $1,834,000 after buying an additional 77 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Cowen reaffirmed a "buy" rating on shares of RTX in a research report on Friday, May 23rd. The Goldman Sachs Group lifted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a "neutral" rating in a research report on Monday, June 23rd. Barclays boosted their target price on shares of RTX from $130.00 to $153.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Susquehanna boosted their target price on shares of RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research report on Wednesday, July 23rd. Finally, Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research report on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $158.87.

RTX Stock Performance

Shares of RTX traded up $0.03 during trading hours on Friday, hitting $158.22. The stock had a trading volume of 7,081,960 shares, compared to its average volume of 3,801,553. 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 50-day moving average price of $155.86 and a 200 day moving average price of $141.53. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $161.26. The firm has a market capitalization of $211.78 billion, a price-to-earnings ratio of 34.77, a PEG ratio of 2.92 and a beta of 0.67.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.11. The company 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 firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Friday, August 15th were given a dividend of $0.68 per share. The ex-dividend date was Friday, August 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.7%. RTX's dividend payout ratio is currently 59.78%.

Insider Activity at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated 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 ownership of the stock. 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 three months. 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.