Venturi Wealth Management LLC cut its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 9.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,121 shares of the company's stock after selling 10,024 shares during the quarter. Venturi Wealth Management LLC's holdings in RTX were worth $14,766,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Nuveen LLC bought a new stake in RTX during the 1st quarter valued at $916,739,000. Goldman Sachs Group Inc. raised its holdings in RTX by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock valued at $845,784,000 after buying an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. raised its holdings in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock valued at $15,873,541,000 after buying an additional 1,357,328 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in RTX by 1,178.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company's stock valued at $160,588,000 after buying an additional 1,117,506 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in RTX during the 1st quarter valued at $130,194,000. 86.50% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at RTX
In other RTX news, insider Philip J. Jasper sold 12,847 shares of the company's 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 transaction, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the company's stock in a transaction dated 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 transaction, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by company insiders.
RTX Price Performance
RTX opened at $169.48 on Wednesday. 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 stock has a market capitalization of $226.86 billion, a P/E ratio of 37.25, a P/E/G ratio of 3.11 and a beta of 0.66. The company's 50-day simple moving average is $158.69 and its two-hundred day simple moving average is $144.45. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $170.36.
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 the consensus estimate 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 net margin of 7.35% and a return on equity of 12.89%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, analysts predict that RTX Corporation will post 6.11 EPS for the current year.
Analyst Ratings Changes
Several analysts recently weighed in on RTX shares. Morgan Stanley lifted their price target on shares of RTX from $165.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Citigroup lifted their price target on shares of RTX from $148.00 to $182.00 and gave the company a "buy" rating in a report on Monday, July 14th. UBS Group lifted their price target on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Barclays lifted their price target on shares of RTX from $130.00 to $153.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Finally, Susquehanna boosted their target price on shares of RTX from $160.00 to $175.00 and gave the company a "positive" rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and an average target price of $160.47.
Check Out Our Latest Research Report on RTX
About RTX
(
Free Report)
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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