RTX Corporation $RTX Shares Sold by Probity Advisors Inc.

Probity Advisors Inc. decreased its holdings in RTX Corporation (NYSE:RTX) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,705 shares of the company’s stock after selling 92 shares during the quarter. Probity Advisors Inc.’s holdings in RTX were worth $249,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RTX. Nuveen LLC acquired a new position in RTX in the first quarter worth approximately $916,739,000. Goldman Sachs Group Inc. grew its position in RTX by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock worth $845,784,000 after purchasing an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. grew its position in RTX by 1.1% during the 1st 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 in the last quarter. 1832 Asset Management L.P. grew its position in RTX by 1,178.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after purchasing an additional 1,117,506 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in RTX during the 1st quarter worth approximately $130,194,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 7.6%

Shares of NYSE:RTX opened at $173.00 on Wednesday. The firm has a fifty day moving average of $159.66 and a two-hundred day moving average of $146.50. The firm has a market capitalization of $231.57 billion, a P/E ratio of 38.02, a price-to-earnings-growth ratio of 2.98 and a beta of 0.66. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $178.76. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last released its quarterly earnings data 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 net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $22.48 billion during the quarter, compared to analyst estimates of $21.26 billion. During the same quarter in the previous year, the business earned $1.45 EPS. RTX’s quarterly 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, equities analysts expect that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling at RTX

In related news, insider Shane G. Eddy sold 25,968 shares of RTX 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,173 shares of company stock worth $8,724,406 in the last 90 days. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on RTX shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Susquehanna lifted their price objective on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Barclays lifted their price objective on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. UBS Group lifted their price objective on shares of RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Finally, Citigroup lifted their target price on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average 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.