OLD National Bancorp IN Sells 4,356 Shares of RTX Corporation $RTX

OLD National Bancorp IN cut its position in shares of RTX Corporation (NYSE:RTX) by 13.9% in the second quarter, Holdings Channel reports. The institutional investor owned 26,951 shares of the company’s stock after selling 4,356 shares during the period. OLD National Bancorp IN’s holdings in RTX were worth $3,935,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of RTX. Brighton Jones LLC lifted its position in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares in the last quarter. Vest Financial LLC boosted its stake in shares of RTX by 73.4% during the 1st quarter. Vest Financial LLC now owns 20,069 shares of the company’s stock worth $2,658,000 after buying an additional 8,498 shares during the last quarter. Impact Capital Partners LLC grew its holdings in shares of RTX by 12.1% in the 1st quarter. Impact Capital Partners LLC now owns 3,225 shares of the company’s stock valued at $427,000 after acquiring an additional 348 shares in the last quarter. Finally, LexAurum Advisors LLC increased its position in shares of RTX by 2.3% in the first quarter. LexAurum Advisors LLC now owns 8,076 shares of the company’s stock valued at $1,070,000 after acquiring an additional 179 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In other news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the sale, the vice president directly owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $8,947,010 in the last ninety days. 0.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RTX shares. JPMorgan Chase & Co. increased their price target on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. UBS Group raised their target price on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 target price (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.87.

RTX Trading Up 0.1%

RTX stock opened at $166.73 on Monday. RTX Corporation has a one year low of $112.27 and a one year high of $168.28. The stock has a market cap of $223.18 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. The company has a fifty day moving average price of $158.18 and a two-hundred day moving average price of $144.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter last year, the company posted $1.41 EPS. RTX’s quarterly 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. Equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

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.