RTX Corporation $RTX Stake Trimmed by Baxter Bros Inc.

Baxter Bros Inc. lowered its stake in RTX Corporation (NYSE:RTX) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,859 shares of the company’s stock after selling 310 shares during the quarter. RTX makes up 1.7% of Baxter Bros Inc.’s investment portfolio, making the stock its 19th largest holding. Baxter Bros Inc.’s holdings in RTX were worth $14,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Columbia Advisory Partners LLC purchased a new position in RTX in the 2nd quarter worth about $205,000. Armstrong Fleming & Moore Inc purchased a new position in RTX during the 2nd quarter valued at about $431,000. Fulton Breakefield Broenniman LLC grew its stake in RTX by 1.6% during the 2nd quarter. Fulton Breakefield Broenniman LLC now owns 6,480 shares of the company’s stock valued at $946,000 after acquiring an additional 105 shares in the last quarter. Beaumont Asset Management L.L.C. grew its stake in RTX by 2.1% during the 2nd quarter. Beaumont Asset Management L.L.C. now owns 5,027 shares of the company’s stock valued at $734,000 after acquiring an additional 103 shares in the last quarter. Finally, Cohen Investment Advisors LLC grew its stake in RTX by 2.4% during the 2nd quarter. Cohen Investment Advisors LLC now owns 30,276 shares of the company’s stock valued at $4,421,000 after acquiring an additional 719 shares in the last quarter. 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 company’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. This represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Philip J. Jasper sold 12,847 shares of the company’s stock in a transaction on 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 transaction, the insider owned 17,684 shares of the company’s stock, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last ninety days. 0.15% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RTX shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research note on Monday, July 21st. Bank of America boosted their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Morgan Stanley boosted their target price on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Wall Street Zen lowered RTX from a “buy” rating to a “hold” rating in a report on Saturday, June 21st. Two 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. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

RTX Stock Performance

Shares of NYSE RTX opened at $168.47 on Thursday. The business has a fifty day simple moving average of $158.89 and a 200 day simple moving average of $144.61. 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 firm has a market capitalization of $225.50 billion, a price-to-earnings ratio of 37.03, a PEG ratio of 3.12 and a beta of 0.66. RTX Corporation has a one year low of $112.27 and a one year high of $170.85.

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

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.