RTX Corporation $RTX Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd decreased its holdings in RTX Corporation (NYSE:RTX) by 78.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 195 shares of the company’s stock after selling 718 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in RTX were worth $28,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX in the 1st quarter valued at approximately $26,000. PFS Partners LLC grew its stake in shares of RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the period. Summit Securities Group LLC purchased a new stake in shares of RTX in the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. purchased a new stake in shares of RTX in the 1st quarter valued at approximately $44,000. Finally, Briaud Financial Planning Inc grew its stake in shares of RTX by 25.4% in the 2nd quarter. Briaud Financial Planning Inc now owns 321 shares of the company’s stock valued at $46,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the sale, the insider owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,469 shares of company stock valued at $7,364,841 in the last 90 days. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on RTX shares. Bank of America increased their price target on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research note on Monday, July 21st. The Goldman Sachs Group increased their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $203.00 price objective on shares of RTX in a research report on Wednesday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price objective (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $175.80.

RTX Stock Performance

Shares of RTX stock opened at $178.79 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $180.50. The stock has a market capitalization of $239.72 billion, a PE ratio of 36.71, a P/E/G ratio of 3.12 and a beta of 0.66. The firm has a 50 day moving average of $161.09 and a two-hundred day moving average of $147.87.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. During the same quarter last year, the company posted $1.45 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. On average, research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

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.