NORTHSTAR ASSET MANAGEMENT Co Lowers Holdings in RTX Corporation $RTX

NORTHSTAR ASSET MANAGEMENT Co trimmed its position in RTX Corporation (NYSE:RTX) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,878 shares of the company’s stock after selling 475 shares during the period. NORTHSTAR ASSET MANAGEMENT Co’s holdings in RTX were worth $3,633,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RTX. Nuveen LLC purchased a new position in RTX in the 1st quarter valued at $916,739,000. Goldman Sachs Group Inc. grew 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 buying an additional 1,394,918 shares during the last quarter. Vanguard Group Inc. grew 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 buying an additional 1,357,328 shares during the last quarter. 1832 Asset Management L.P. boosted its position in shares of RTX by 1,178.2% during the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $160,588,000 after purchasing an additional 1,117,506 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of RTX during the 1st quarter worth $130,194,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Philip J. Jasper sold 12,847 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 17,684 shares in the company, valued at approximately $2,790,888.88. This represents a 42.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total value of $1,187,900.80. Following the transaction, the insider owned 16,442 shares of the company’s stock, valued at approximately $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 46,469 shares of company stock worth $7,364,841. 0.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $195.00 target price on shares of RTX in a research report on Wednesday, October 8th. UBS Group boosted their target price on shares of RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 target price (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research report on Monday, July 21st. Finally, Robert W. Baird set a $203.00 target price on shares of RTX in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $175.80.

RTX Trading Down 0.4%

NYSE RTX opened at $178.79 on Friday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $180.50. The company has a 50-day moving average of $161.09 and a 200-day moving average of $147.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75. The company has a market cap of $239.72 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.20 and a beta of 0.66.

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 firm had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. As a group, equities analysts predict that RTX Corporation will post 6.11 earnings per share 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.