RTX Corporation $RTX Shares Sold by Conning Inc.

Conning Inc. decreased its stake in shares of RTX Corporation (NYSE:RTX) by 9.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 252,663 shares of the company’s stock after selling 26,344 shares during the quarter. RTX comprises 1.3% of Conning Inc.’s portfolio, making the stock its 13th largest position. Conning Inc.’s holdings in RTX were worth $36,894,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. MorganRosel Wealth Management LLC acquired a new stake in shares of RTX in the first quarter worth $26,000. PFS Partners LLC increased its position in shares of RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after acquiring an additional 89 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of RTX in the first quarter worth $40,000. McClarren Financial Advisors Inc. acquired a new stake in shares of RTX in the first quarter worth $44,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of RTX in the first quarter worth $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent research reports. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a research report on Monday, July 21st. Morgan Stanley raised their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group raised their price target on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a report on Wednesday. Two equities research 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $164.13.

Insider Activity

In other RTX news, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 over the last ninety days. Insiders own 0.15% of the company’s stock.

RTX Trading Down 2.8%

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 debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The company has a market capitalization of $211.01 billion, a price-to-earnings ratio of 34.65, a price-to-earnings-growth ratio of 2.99 and a beta of 0.66. The company’s fifty day moving average price is $159.00 and its two-hundred day moving average price is $144.95.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating 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 firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same period in the prior year, the firm posted $1.41 EPS. The firm’s 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. As a group, research analysts predict 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.