Delaney Dennis R Has $5.11 Million Holdings in RTX Corporation $RTX

Delaney Dennis R trimmed its position in RTX Corporation (NYSE:RTX) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,960 shares of the company’s stock after selling 420 shares during the quarter. RTX accounts for 2.6% of Delaney Dennis R’s portfolio, making the stock its 17th largest position. Delaney Dennis R’s holdings in RTX were worth $5,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RTX. Vanguard Group Inc. boosted its stake in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock valued at $1,371,171,000 after acquiring an additional 104,139 shares during the last quarter. Invesco Ltd. lifted its stake in RTX by 1.5% in the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock valued at $1,365,969,000 after buying an additional 154,544 shares during the period. Dimensional Fund Advisors LP grew its holdings in RTX by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock valued at $1,021,623,000 after purchasing an additional 65,493 shares during the period. Finally, Nuveen LLC bought a new stake in shares of RTX in the first quarter worth about $916,739,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 2.8%

RTX opened at $157.64 on Monday. The company has a fifty day moving average of $159.00 and a 200-day moving average of $145.11. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $170.85. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock has a market cap of $211.01 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. During the same period in the previous year, the company posted $1.41 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. 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.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction 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 sale, the insider owned 17,684 shares in the company, valued at approximately $2,790,888.88. This trade represents a 42.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

RTX has been the subject of a number of research reports. UBS Group increased their target price on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Citigroup increased their target price on shares of RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Sanford C. Bernstein boosted their price target on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Finally, Susquehanna raised their price objective 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 equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $164.13.

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.