Robeco Institutional Asset Management B.V. Has $47.46 Million Stock Holdings in RTX Corporation $RTX

Robeco Institutional Asset Management B.V. reduced its position in RTX Corporation (NYSE:RTX) by 21.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 325,030 shares of the company’s stock after selling 90,928 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in RTX were worth $47,461,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the period. Secure Asset Management LLC bought a new position in RTX in the first quarter valued at approximately $213,000. Beacon Financial Group boosted its stake in RTX by 3.4% in the first quarter. Beacon Financial Group now owns 9,732 shares of the company’s stock valued at $1,289,000 after acquiring an additional 319 shares during the last quarter. Finally, Gilman Hill Asset Management LLC acquired a new stake in RTX during the 1st quarter worth $221,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.1%

NYSE:RTX opened at $166.73 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The business’s 50-day simple moving average is $158.18 and its 200-day simple moving average is $143.89. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $168.28. The stock has a market capitalization of $223.18 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of RTX stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This trade represents a 9.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $157.82, for a total value 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 trade represents a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

RTX has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Morgan Stanley increased their target price on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Susquehanna boosted their target price on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of RTX in a research note on Saturday, September 27th. Finally, 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 report on Wednesday, July 23rd. Three research 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.87.

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.