RTX Corporation $RTX is Kraematon Investment Advisors Inc.’s Largest Position

Kraematon Investment Advisors Inc. trimmed its holdings in shares of RTX Corporation (NYSE:RTX) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,810 shares of the company’s stock after selling 571 shares during the period. RTX makes up about 5.5% of Kraematon Investment Advisors Inc.’s investment portfolio, making the stock its largest holding. Kraematon Investment Advisors Inc.’s holdings in RTX were worth $5,813,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of RTX. Vanguard Group Inc. lifted its stake in RTX by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after acquiring an additional 1,357,328 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $1,371,171,000 after purchasing an additional 104,139 shares during the last quarter. Invesco Ltd. lifted its position in RTX by 1.5% during the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock valued at $1,365,969,000 after purchasing an additional 154,544 shares during the period. Dimensional Fund Advisors LP boosted its holdings in RTX by 0.9% in 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 last quarter. Finally, Nuveen LLC bought a new stake in RTX in the 1st quarter worth approximately $916,739,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In related news, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the sale, the vice president owned 30,004 shares in the company, valued at approximately $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shane G. Eddy sold 25,968 shares of RTX stock in a transaction that occurred on 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. Insiders have sold a total of 56,635 shares of company stock worth $8,947,010 in the last three months. 0.15% of the stock is owned by company insiders.

RTX Trading Up 0.1%

Shares of NYSE:RTX opened at $166.73 on Friday. The stock has a 50 day moving average of $158.18 and a 200 day moving average of $143.95. The company has a market cap 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 Corporation has a 12-month low of $112.27 and a 12-month high of $168.28. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. The business 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 company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RTX. Sanford C. Bernstein increased their price target on RTX from $154.00 to $157.00 and gave the company a “market perform” rating in a report on Wednesday, September 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a report on Saturday, September 27th. Bank of America boosted their price target on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Susquehanna upped their price target on shares of RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Three 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 stock. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $158.87.

About RTX

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.