Oppenheimer Asset Management Inc. Has $74.33 Million Stake in RTX Corporation $RTX

Oppenheimer Asset Management Inc. decreased its stake in RTX Corporation (NYSE:RTX) by 15.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 509,063 shares of the company’s stock after selling 93,602 shares during the quarter. RTX accounts for about 0.9% of Oppenheimer Asset Management Inc.’s portfolio, making the stock its 16th largest position. Oppenheimer Asset Management Inc.’s holdings in RTX were worth $74,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after purchasing an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of RTX by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after purchasing an additional 104,139 shares during the period. Invesco Ltd. raised its position in shares of RTX by 1.5% during the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after purchasing an additional 154,544 shares during the period. Dimensional Fund Advisors LP raised its position in shares of RTX by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after purchasing an additional 65,493 shares during the period. Finally, Nuveen LLC bought a new position in shares of RTX during the first quarter worth about $916,739,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was 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 available at the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the company’s 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 transaction, the insider directly owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,469 shares of company stock valued at $7,364,841. Corporate insiders own 0.15% of the company’s stock.

RTX Stock Performance

RTX opened at $178.79 on Friday. The business has a fifty day simple moving average of $161.09 and a 200 day simple moving average of $147.74. The company has a market capitalization of $239.72 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 3.19 and a beta of 0.66. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $180.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.07 and a quick ratio of 0.75.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.29. The firm had revenue of $22.48 billion during the quarter, compared to analysts’ expectations of $21.26 billion. RTX had a return on equity of 13.28% and a net margin of 7.67%.The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.45 EPS. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RTX. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Wednesday, October 8th. Bank of America increased their price objective on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group increased their price objective on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday. UBS Group increased their price objective on RTX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Barclays increased their price objective on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $175.80.

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.