Asset Management One Co. Ltd. Sells 13,040 Shares of RTX Corporation $RTX

Asset Management One Co. Ltd. trimmed its position in RTX Corporation (NYSE:RTX) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 568,225 shares of the company’s stock after selling 13,040 shares during the quarter. Asset Management One Co. Ltd.’s holdings in RTX were worth $82,972,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of RTX by 1.1% in the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of RTX by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after purchasing an additional 104,139 shares during the last quarter. Invesco Ltd. increased its holdings in shares of RTX by 1.5% in the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after purchasing an additional 154,544 shares during the last quarter. Dimensional Fund Advisors LP grew its position in RTX by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after acquiring an additional 65,493 shares in the last quarter. Finally, Nuveen LLC purchased a new position in RTX in the first quarter worth about $916,739,000. 86.50% of the stock is owned by institutional investors.

Insider Activity at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the transaction, the insider directly owned 17,684 shares of the company’s stock, valued at $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 available at this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the sale, the insider directly owned 16,442 shares in the company, valued at $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,469 shares of company stock valued at $7,364,841 in the last ninety days. Company insiders own 0.15% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $179.33 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75. The stock’s fifty day moving average price is $160.59 and its 200 day moving average price is $147.14. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $179.98. The company has a market cap of $240.45 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 3.23 and a beta of 0.66.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a return on equity of 13.28% and a net margin of 7.67%.The firm had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the prior year, the firm earned $1.45 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group lifted their price target on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group boosted their target price on RTX from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday. Robert W. Baird set a $203.00 target price on RTX in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Citigroup boosted their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Two research 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, RTX has a consensus rating of “Moderate Buy” and an average price target of $175.80.

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.