Agate Pass Investment Management LLC Sells 209 Shares of RTX Corporation $RTX

Agate Pass Investment Management LLC decreased its holdings in shares of RTX Corporation (NYSE:RTX) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 23,058 shares of the company’s stock after selling 209 shares during the period. RTX makes up 1.4% of Agate Pass Investment Management LLC’s holdings, making the stock its 20th largest position. Agate Pass Investment Management LLC’s holdings in RTX were worth $3,367,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of RTX in the 1st quarter valued at $916,739,000. Goldman Sachs Group Inc. increased its position in shares of RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock valued at $845,784,000 after buying an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. increased its position in shares of RTX by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock valued at $15,873,541,000 after buying an additional 1,357,328 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of RTX by 1,178.2% in the 1st quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock valued at $160,588,000 after buying an additional 1,117,506 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of RTX in the 1st quarter valued at $130,194,000. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In other news, VP Kevin G. Dasilva sold 8,704 shares of the firm’s stock in a transaction dated 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 owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 over the last three months. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on RTX. Citigroup upped their price objective on shares of RTX from $148.00 to $182.00 and gave the company a “buy” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their price objective 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. Susquehanna increased their target price on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. The Goldman Sachs Group increased their target price on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Finally, UBS Group increased their target price on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $164.13.

RTX Price Performance

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

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