Trust Co. of Vermont Decreases Stake in RTX Corporation $RTX

Key Points

• Trust Co. of Vermont reduced its stake in RTX Corporation by 1.5%, holding 143,306 shares valued at approximately $20.9 million after the sale of 2,188 shares in the second quarter.
• RTX received positive analyst ratings, with multiple brokerages increasing their price targets; Susquehanna raised theirs from $160 to $175, indicating a strong bullish outlook.
• RTX reported $1.56 EPS for the last quarter, exceeding expectations and showing a 9.4% year-over-year revenue growth, indicating robust financial performance.

Trust Co. of Vermont lowered its stake in RTX Corporation (NYSE:RTX - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,306 shares of the company's stock after selling 2,188 shares during the quarter. RTX makes up 1.0% of Trust Co. of Vermont's investment portfolio, making the stock its 28th largest position. Trust Co. of Vermont's holdings in RTX were worth $20,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new position in RTX in the 1st quarter worth about $26,000. PFS Partners LLC boosted its stake in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company's stock worth $26,000 after purchasing an additional 89 shares during the period. Summit Securities Group LLC bought a new position in RTX in the 1st quarter worth about $40,000. McClarren Financial Advisors Inc. bought a new position in RTX in the 1st quarter worth about $44,000. Finally, Financial Gravity Asset Management Inc. bought a new position in RTX in the 1st quarter worth about $50,000. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on RTX. Susquehanna raised their target price on RTX from $160.00 to $175.00 and gave the stock a "positive" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group restated a "hold" rating on shares of RTX in a research note on Monday, July 21st. The Goldman Sachs Group lifted their price target on RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Citigroup lifted their price target on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Sanford C. Bernstein lifted their price target on RTX from $154.00 to $157.00 and gave the company a "market perform" rating in a research report on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $158.87.

RTX Stock Performance

Shares of RTX opened at $167.31 on Wednesday. The stock has a 50-day moving average price of $157.53 and a 200-day moving average price of $143.25. The company has a market cap of $223.95 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 3.02 and a beta of 0.67. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $168.28. 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 (NYSE:RTX - Get Free Report) last issued its earnings results 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 business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX's revenue for the quarter was up 9.4% on a year-over-year basis. 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. As a group, equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the company'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 value of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. This represents a 22.49% 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 over the last 90 days. 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.

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