Amalgamated Bank Has $38.80 Million Stock Holdings in RTX Corporation $RTX

Amalgamated Bank lowered its stake in RTX Corporation (NYSE:RTX) by 0.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 265,746 shares of the company’s stock after selling 1,381 shares during the period. Amalgamated Bank’s holdings in RTX were worth $38,804,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. Vanguard Group Inc. grew its position 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 purchasing an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of RTX by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after purchasing an additional 104,139 shares in the last quarter. Invesco Ltd. grew its position in shares of RTX by 1.5% during the 1st quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after purchasing an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of RTX by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after purchasing an additional 65,493 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of RTX during the 1st quarter worth approximately $916,739,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on RTX shares. Robert W. Baird set a $203.00 price target on shares of RTX in a research report on Wednesday, October 22nd. Bank of America raised their target price on RTX from $175.00 to $215.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group upped their price objective on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Barclays increased their price objective on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $178.47.

RTX Price Performance

NYSE RTX opened at $176.28 on Thursday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $181.31. The stock has a market cap of $236.35 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 2.83 and a beta of 0.66. The company’s 50 day moving average is $162.45 and its two-hundred day moving average is $148.93. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58.

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

Insider Activity at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, the executive vice president directly owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was 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. This trade represents a 42.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,318 shares of company stock valued at $8,238,388 over the last ninety days. Company insiders own 0.15% of the company’s stock.

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.