IQ EQ FUND MANAGEMENT IRELAND Ltd Cuts Stock Holdings in RTX Corporation $RTX

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its stake in RTX Corporation (NYSE:RTX) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,754 shares of the company’s stock after selling 1,398 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in RTX were worth $3,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC lifted 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 acquiring an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares during the last quarter. Sovran Advisors LLC purchased a new stake in shares of RTX during the 1st quarter worth $237,000. Hills Bank & Trust Co grew its stake in shares of RTX by 24.7% during the first quarter. Hills Bank & Trust Co now owns 4,547 shares of the company’s stock worth $602,000 after purchasing an additional 901 shares in the last quarter. Finally, Verity Asset Management Inc. purchased a new position in RTX in the first quarter valued at $482,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 17,684 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,469 shares of company stock valued at $7,364,841. Insiders own 0.15% of the company’s stock.

RTX Price Performance

RTX stock opened at $179.31 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $240.42 billion, a P/E ratio of 36.82, a PEG ratio of 3.12 and a beta of 0.66. The business has a 50 day simple moving average of $161.56 and a 200-day simple moving average of $148.23. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $180.50.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 21st. The company reported $1.70 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 during the quarter, compared to the consensus estimate of $21.26 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. RTX’s revenue for the quarter was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analysts Forecast Growth

RTX has been the subject of several analyst reports. Wall Street Zen raised RTX from a “hold” rating to a “buy” rating in a research report on Saturday. Sanford C. Bernstein boosted their target price on RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a research note on Monday, October 6th. Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research note on Monday, July 21st. The Goldman Sachs Group boosted their price objective on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Bank of America increased their target price on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average 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.