Trust Co of Kansas Sells 2,602 Shares of RTX Corporation $RTX

Trust Co of Kansas lowered its holdings in RTX Corporation (NYSE:RTX) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 58,685 shares of the company’s stock after selling 2,602 shares during the quarter. RTX comprises about 4.1% of Trust Co of Kansas’ investment portfolio, making the stock its 6th largest position. Trust Co of Kansas’ holdings in RTX were worth $8,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of RTX. Brighton Jones LLC boosted its stake in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares in the last quarter. RFG Advisory LLC boosted its stake in RTX by 0.5% in the first quarter. RFG Advisory LLC now owns 19,996 shares of the company’s stock worth $2,649,000 after purchasing an additional 95 shares in the last quarter. Smith Anglin Financial LLC acquired a new position in RTX in the first quarter worth $217,000. Finally, Apella Capital LLC boosted its stake in RTX by 111.7% in the first quarter. Apella Capital LLC now owns 4,975 shares of the company’s stock worth $639,000 after purchasing an additional 2,625 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The sale 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 stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $157.82, for a total value of $2,027,513.54. Following the completion of the sale, the insider owned 17,684 shares of the company’s stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 in the last ninety days. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RTX. Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a research report on Saturday, June 21st. Sanford C. Bernstein boosted their target price on RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 10th. Bank of America boosted their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Susquehanna boosted their target price on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group boosted their target price on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.87.

RTX Trading Up 0.0%

NYSE RTX opened at $167.37 on Thursday. The stock has a 50-day simple moving average of $157.75 and a 200 day simple moving average of $143.42. The company has a market capitalization of $224.03 billion, a PE ratio of 36.78, a P/E/G ratio of 3.08 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. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $168.28.

RTX (NYSE:RTX) last released 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. The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts forecast that RTX Corporation will post 6.11 EPS for the current year.

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.