Carret Asset Management LLC Sells 399 Shares of RTX Corporation $RTX

Carret Asset Management LLC decreased its stake in shares of RTX Corporation (NYSE:RTX) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,628 shares of the company’s stock after selling 399 shares during the period. Carret Asset Management LLC’s holdings in RTX were worth $3,012,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Brookwood Investment Group LLC bought a new position in RTX in the first quarter valued at $1,288,000. LBP AM SA grew its position in RTX by 17.7% in the first quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after purchasing an additional 41,990 shares in the last quarter. Arizona State Retirement System grew its position in RTX by 1.4% in the first quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after purchasing an additional 5,356 shares in the last quarter. Redwood Financial Network Corp bought a new position in RTX in the first quarter valued at $243,000. Finally, Zuckerman Investment Group LLC grew its position in RTX by 54.1% in the first quarter. Zuckerman Investment Group LLC now owns 5,790 shares of the company’s stock valued at $767,000 after purchasing an additional 2,033 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction dated 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 sale, the insider 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 SEC filing for this sale provides additional information. In the last quarter, insiders have sold 51,318 shares of company stock worth $8,238,388. 0.15% of the stock is owned by corporate insiders.

RTX Stock Performance

NYSE RTX opened at $176.28 on Thursday. The firm has a 50-day moving average of $162.45 and a 200-day moving average of $148.93. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a market cap of $236.35 billion, a PE ratio of 36.20, a P/E/G ratio of 2.83 and a beta of 0.66. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $181.31.

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

Analyst Ratings Changes

RTX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research note on Wednesday, October 8th. Morgan Stanley set a $215.00 price target on shares of RTX and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Citigroup increased their price target on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. 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, the company has a consensus rating of “Moderate Buy” and an average target price of $178.47.

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.