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

Board of the Pension Protection Fund decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 89.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 900 shares of the company’s stock after selling 7,300 shares during the quarter. Board of the Pension Protection Fund’s holdings in RTX were worth $131,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. PFS Partners LLC lifted its position in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after purchasing an additional 89 shares during the period. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the first quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in shares of RTX during the 1st quarter valued at approximately $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of RTX during the 1st quarter valued at approximately $44,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in RTX during the first quarter worth $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RTX shares. Citigroup lifted their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a research report on Wednesday. Morgan Stanley boosted their price target on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Susquehanna upped their target price on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Finally, UBS Group upped their price objective 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. Two 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 stock has an average rating of “Moderate Buy” and a consensus price target of $164.13.

RTX Stock Down 2.8%

Shares of NYSE RTX opened at $157.64 on Friday. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $170.85. The company has a market cap of $211.01 billion, a P/E ratio of 34.65, a P/E/G ratio of 2.91 and a beta of 0.66. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $159.00 and a 200 day moving average price of $145.03.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $20.68 billion. During the same quarter last year, the firm earned $1.41 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts anticipate that RTX Corporation will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president directly owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is currently owned by insiders.

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.