RTX Corporation $RTX Shares Sold by Board of the Pension Protection Fund

Board of the Pension Protection Fund trimmed its holdings in RTX Corporation (NYSE:RTX) by 89.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 900 shares of the company’s stock after selling 7,300 shares during the period. Board of the Pension Protection Fund’s holdings in RTX were worth $131,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of RTX. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the first quarter valued at approximately $26,000. PFS Partners LLC increased its holdings in shares of RTX by 101.1% during the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after buying an additional 89 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of RTX during the 1st quarter worth approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of RTX during the 1st quarter worth approximately $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of RTX during the 1st quarter worth approximately $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RTX has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Morgan Stanley raised their price objective on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Bank of America lifted their price target on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $195.00 price target on shares of RTX in a research report on Wednesday. Finally, 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 research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.13.

Insider Activity

In other news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,635 shares of company stock valued at $8,947,010. Insiders own 0.15% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $157.64 on Friday. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85. The company has a market cap of $211.01 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.91 and a beta of 0.66. 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 company has a fifty day simple moving average of $159.00 and a two-hundred day simple moving average of $145.03.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping 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 the consensus estimate of $20.68 billion. During the same period in the previous year, the company posted $1.41 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts anticipate that RTX Corporation will post 6.11 earnings per share 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.