RTX Corporation $RTX Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its position in shares of RTX Corporation (NYSE:RTX) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,832 shares of the company’s stock after selling 735 shares during the period. Securian Asset Management Inc.’s holdings in RTX were worth $10,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Gries Financial LLC grew its stake in shares of RTX by 0.7% during the second quarter. Gries Financial LLC now owns 9,780 shares of the company’s stock worth $1,428,000 after purchasing an additional 69 shares in the last quarter. M3 Advisory Group LLC grew its stake in shares of RTX by 2.7% during the second quarter. M3 Advisory Group LLC now owns 2,631 shares of the company’s stock worth $384,000 after purchasing an additional 69 shares in the last quarter. TrueWealth Advisors LLC lifted its position in RTX by 3.6% in the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company’s stock valued at $293,000 after acquiring an additional 70 shares during the last quarter. RMR Wealth Builders lifted its position in RTX by 3.6% in the second quarter. RMR Wealth Builders now owns 2,036 shares of the company’s stock valued at $297,000 after acquiring an additional 70 shares during the last quarter. Finally, Verum Partners LLC lifted its position in RTX by 1.8% in the second quarter. Verum Partners LLC now owns 4,093 shares of the company’s stock valued at $598,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of research reports. Susquehanna boosted their price target on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein boosted their price target on shares of RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research report on Monday, June 23rd. Morgan Stanley boosted their price target on shares of RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Bank of America boosted their price target on shares of RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Two investment 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.13.

Insider Buying and Selling at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares in the company, 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. In the last ninety days, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by corporate insiders.

RTX Trading Up 1.7%

Shares of RTX opened at $160.63 on Tuesday. 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 firm’s 50-day moving average is $159.31 and its two-hundred day moving average is $146.31. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $170.85. The firm has a market capitalization of $215.02 billion, a P/E ratio of 35.30, a PEG ratio of 2.93 and a beta of 0.66.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.41 earnings per share. On average, 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.