RTX Corporation $RTX Shares Sold by Conning Inc.

Conning Inc. trimmed its position in shares of RTX Corporation (NYSE:RTX) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252,663 shares of the company’s stock after selling 26,344 shares during the quarter. RTX accounts for approximately 1.3% of Conning Inc.’s portfolio, making the stock its 13th largest holding. Conning Inc.’s holdings in RTX were worth $36,894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new position in RTX during the first quarter worth about $26,000. PFS Partners LLC grew its position in RTX by 101.1% during the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the period. Summit Securities Group LLC acquired a new position in RTX during the first quarter worth about $40,000. McClarren Financial Advisors Inc. acquired a new position in RTX during the first quarter worth about $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in RTX during the first quarter worth about $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This trade 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 valued at $8,947,010. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

Shares of RTX opened at $157.64 on Friday. 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 company has a market capitalization of $211.01 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.99 and a beta of 0.66. The company’s 50 day simple moving average is $159.00 and its 200 day simple moving average is $144.95. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $170.85.

RTX (NYSE:RTX) last announced its quarterly earnings data 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 the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, sell-side analysts predict that RTX Corporation will post 6.11 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research report on Wednesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a report on Monday, July 21st. Sanford C. Bernstein upped their price target on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Citigroup upped 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. Finally, Susquehanna upped their price target 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 investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.13.

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.