Vontobel Holding Ltd. Has $6.23 Million Position in RTX Corporation $RTX

Vontobel Holding Ltd. boosted its stake in shares of RTX Corporation (NYSE:RTX) by 18.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,634 shares of the company’s stock after acquiring an additional 6,571 shares during the quarter. Vontobel Holding Ltd.’s holdings in RTX were worth $6,225,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Maryland State Retirement & Pension System raised its stake in RTX by 4.6% during the second quarter. Maryland State Retirement & Pension System now owns 65,028 shares of the company’s stock worth $9,495,000 after acquiring an additional 2,845 shares in the last quarter. Optas LLC raised its stake in RTX by 9.9% during the second quarter. Optas LLC now owns 4,629 shares of the company’s stock worth $676,000 after acquiring an additional 416 shares in the last quarter. Massachusetts Wealth Management acquired a new position in RTX during the second quarter worth $1,205,000. Eagle Strategies LLC raised its stake in RTX by 0.4% during the second quarter. Eagle Strategies LLC now owns 17,838 shares of the company’s stock worth $2,605,000 after acquiring an additional 78 shares in the last quarter. Finally, Dohj LLC acquired a new position in RTX during the second quarter worth $552,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

Shares of RTX stock opened at $157.64 on Friday. The stock has a 50-day moving average price of $159.00 and a 200 day moving average price of $144.95. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a market cap of $211.01 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.99 and a beta of 0.66. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $170.85.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The firm 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%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Research analysts expect that RTX Corporation will post 6.11 EPS for the current year.

Insider Transactions at RTX

In related 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 completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip J. Jasper sold 12,847 shares of the firm’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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RTX. The Goldman Sachs Group raised their target price on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $195.00 target price on shares of RTX in a research note on Wednesday. Bank of America raised their target price on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Finally, Citigroup raised their target price on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

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.