Argyle Capital Management LLC Trims Holdings in RTX Corporation $RTX

Argyle Capital Management LLC lowered its stake in RTX Corporation (NYSE:RTX) by 1.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 42,214 shares of the company’s stock after selling 815 shares during the period. RTX accounts for about 2.2% of Argyle Capital Management LLC’s holdings, making the stock its 7th biggest holding. Argyle Capital Management LLC’s holdings in RTX were worth $6,164,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RTX. Brighton Jones LLC lifted its stake in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in RTX by 4.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 13,474 shares of the company’s stock valued at $1,785,000 after buying an additional 518 shares in the last quarter. GAMMA Investing LLC lifted its stake in RTX by 12.8% in the first quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock valued at $4,163,000 after buying an additional 3,561 shares in the last quarter. Finally, Trueblood Wealth Management LLC bought a new position in RTX in the first quarter valued at approximately $219,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on RTX shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price objective (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. UBS Group lifted their price objective on shares of RTX from $166.00 to $177.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Barclays lifted their price objective on shares of RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a report on Wednesday. Finally, Wall Street Zen downgraded shares of 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 issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

Insider Buying and Selling

In other news, insider Philip J. Jasper sold 12,847 shares of the business’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 sale, the insider owned 17,684 shares of the company’s stock, valued at approximately $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $8,947,010 in the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

RTX Trading Down 3.8%

RTX stock opened at $162.08 on Friday. 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 company has a fifty day moving average price of $158.98 and a two-hundred day moving average price of $144.80. RTX Corporation has a one year low of $112.27 and a one year high of $170.85. The stock has a market cap of $216.95 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66.

RTX (NYSE:RTX) last released 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. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period in the previous year, the business posted $1.41 earnings per share. The company’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. Equities analysts anticipate 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.