Asset Management One Co. Ltd. Decreases Stock Holdings in RTX Corporation $RTX

Asset Management One Co. Ltd. trimmed its holdings in RTX Corporation (NYSE:RTX) by 2.2% during the second quarter, HoldingsChannel reports. The firm owned 568,225 shares of the company’s stock after selling 13,040 shares during the period. Asset Management One Co. Ltd.’s holdings in RTX were worth $82,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of RTX. Nuveen LLC acquired a new stake in shares of RTX during the 1st quarter worth approximately $916,739,000. Goldman Sachs Group Inc. increased its holdings in shares of 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 buying an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of 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 buying an additional 1,357,328 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of 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 buying an additional 1,117,506 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of RTX during the 1st quarter worth approximately $130,194,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In other news, insider Philip J. Jasper sold 12,847 shares of RTX 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 directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction 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 disclosure for this sale can be found here. In the last three months, insiders sold 46,469 shares of company stock valued at $7,364,841. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Bank of America lifted their target price on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Citigroup lifted their target price on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Robert W. Baird set a $203.00 target price on shares of RTX in a report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $175.80.

RTX Stock Performance

NYSE:RTX opened at $179.33 on Friday. The company has a fifty day simple moving average of $160.59 and a two-hundred day simple moving average of $147.14. The company has a market cap of $240.45 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 3.23 and a beta of 0.66. The company has a quick ratio of 0.75, 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 $179.98.

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

RTX 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.