Union Bancaire Privee UBP SA Has $30.45 Million Stock Holdings in RTX Corporation $RTX

Key Points

• Union Bancaire Privee UBP SA increased its stake in RTX Corporation by 1,065.4%, now owning 208,501 shares valued at approximately $30.45 million.
• RTX's stock has rebounded, opening at $163.74 with a market cap of $219.17 billion and a P/E ratio of 35.99.
• Research analysts have updated RTX's price targets, with several raising their forecast to between $175.00 and $177.00, suggesting a positive outlook on the stock performance.

Union Bancaire Privee UBP SA raised its holdings in RTX Corporation (NYSE:RTX - Free Report) by 1,065.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208,501 shares of the company's stock after buying an additional 190,610 shares during the period. Union Bancaire Privee UBP SA's holdings in RTX were worth $30,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in RTX. Brighton Jones LLC lifted its stake in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after buying an additional 159 shares in the last quarter. Enterprise Bank & Trust Co lifted its stake in shares of RTX by 157.9% in the first quarter. Enterprise Bank & Trust Co now owns 9,229 shares of the company's stock valued at $1,222,000 after buying an additional 5,650 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of RTX by 159,475.0% in the first quarter. NBC Securities Inc. now owns 12,766 shares of the company's stock valued at $1,690,000 after buying an additional 12,758 shares in the last quarter. Finally, Strong Tower Advisory Services lifted its stake in shares of RTX by 14.0% in the first quarter. Strong Tower Advisory Services now owns 24,130 shares of the company's stock valued at $3,196,000 after buying an additional 2,957 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of NYSE:RTX opened at $163.74 on Tuesday. The company has a 50 day moving average of $157.17 and a 200 day moving average of $143.08. The stock has a market cap of $219.17 billion, a P/E ratio of 35.99, a P/E/G ratio of 3.01 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 quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate 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%. RTX's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter 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, sell-side analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Activity at RTX

In other RTX news, insider Troy D. Brunk sold 7,654 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 16,442 shares of the company's stock, valued at $2,551,798.40. The trade was a 31.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the business'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 transaction of $1,359,564.80. Following the completion of the transaction, 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 in the last quarter. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RTX shares. Bank of America raised their price target on shares of RTX from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group reissued a "hold" rating on shares of RTX in a research report on Monday, July 21st. Susquehanna raised their price target on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a research report on Wednesday, July 23rd. UBS Group raised their price target on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group raised their price target on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $158.87.

RTX Company 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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