Generali Asset Management SPA SGR Sells 13,604 Shares of RTX Corporation $RTX

Generali Asset Management SPA SGR decreased its position in shares of RTX Corporation (NYSE:RTX) by 68.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 6,296 shares of the company’s stock after selling 13,604 shares during the period. Generali Asset Management SPA SGR’s holdings in RTX were worth $919,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of RTX. Nuveen LLC bought a new stake in RTX during the first quarter worth $916,739,000. Goldman Sachs Group Inc. grew its holdings in RTX by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company’s stock worth $845,784,000 after buying an additional 1,394,918 shares in the last quarter. Vanguard Group Inc. grew its holdings in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after buying an additional 1,357,328 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in RTX by 1,178.2% during the first quarter. 1832 Asset Management L.P. now owns 1,212,353 shares of the company’s stock worth $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 RTX during the first quarter worth $130,194,000. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on RTX. The Goldman Sachs Group upped their price objective on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a research note on Monday, June 23rd. JPMorgan Chase & Co. upped their price objective on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Susquehanna upped their price objective on RTX from $160.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.13.

RTX Stock Up 0.6%

Shares of NYSE RTX opened at $158.04 on Friday. RTX Corporation has a one year low of $112.27 and a one year high of $170.85. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The business’s fifty day moving average price is $159.20 and its 200-day moving average price is $145.82. The stock has a market capitalization of $211.55 billion, a PE ratio of 34.73, a P/E/G ratio of 2.92 and a beta of 0.66.

RTX (NYSE:RTX) last issued its quarterly 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. RTX had a return on equity of 12.89% and a net margin of 7.35%.The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. On average, equities research analysts anticipate that RTX Corporation will post 6.11 EPS for the current year.

Insider Activity

In other news, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,635 shares of company stock worth $8,947,010. 0.15% of the stock is owned by company insiders.

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.