RTX Corporation $RTX Shares Sold by Capital City Trust Co. FL

Capital City Trust Co. FL reduced its position in RTX Corporation (NYSE:RTX) by 9.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,753 shares of the company’s stock after selling 728 shares during the quarter. Capital City Trust Co. FL’s holdings in RTX were worth $986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Bay Capital Advisors LLC acquired a new position in shares of RTX in the 1st quarter valued at $224,000. Dynamic Advisor Solutions LLC increased its holdings in RTX by 8.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock worth $4,591,000 after acquiring an additional 2,686 shares in the last quarter. Brookwood Investment Group LLC purchased a new stake in RTX in the 1st quarter worth $1,288,000. LBP AM SA increased its holdings in RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock worth $36,980,000 after acquiring an additional 41,990 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after acquiring an additional 5,356 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares of the company’s stock, valued at $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were 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 $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 90 days, insiders have sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company’s stock.

RTX Trading Up 0.1%

Shares of RTX stock opened at $166.73 on Friday. The company’s 50-day moving average price is $158.18 and its 200-day moving average price is $143.95. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market cap of $223.18 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 3.07 and a beta of 0.66. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $168.28.

RTX (NYSE:RTX) last announced 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 firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, equities analysts predict that RTX Corporation will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on RTX. Sanford C. Bernstein boosted their price target on shares of RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. JPMorgan Chase & Co. boosted their price target on shares of RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Jefferies Financial Group reissued a “hold” rating on shares of RTX in a report on Monday, July 21st. The Goldman Sachs Group boosted their price target on shares of RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Three investment 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 company’s stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average target price 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.