Johnson Investment Counsel Inc. Has $5.53 Million Holdings in RTX Corporation $RTX

Johnson Investment Counsel Inc. lifted its stake in RTX Corporation (NYSE:RTX) by 9.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 37,895 shares of the company’s stock after buying an additional 3,414 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in RTX were worth $5,533,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of RTX. Nuveen LLC acquired a new position in shares of RTX in the 1st quarter worth approximately $916,739,000. Goldman Sachs Group Inc. raised its position in RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after purchasing an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. raised its position in RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after purchasing an additional 1,357,328 shares during the last quarter. 1832 Asset Management L.P. raised its position in RTX by 1,178.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after purchasing an additional 1,117,506 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in RTX in the 1st quarter valued at $130,194,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Philip J. Jasper sold 12,847 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 17,684 shares in the company, valued at $2,790,888.88. This trade represents a 42.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shane G. Eddy sold 25,968 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was 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. Insiders sold 56,635 shares of company stock worth $8,947,010 over the last three months. Insiders own 0.15% of the company’s stock.

RTX Stock Down 2.8%

NYSE RTX opened at $157.64 on Monday. The stock has a fifty day moving average of $159.00 and a 200-day moving average of $145.11. The stock has a market capitalization of $211.01 billion, a P/E ratio of 34.65, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01.

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

Analyst Ratings Changes

RTX has been the subject of several research analyst reports. Sanford C. Bernstein lifted their price objective on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a research report on Monday, October 6th. Morgan Stanley lifted their price objective on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Bank of America lifted their price objective on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Two research 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.13.

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.