RTX Co. (NYSE:RTX) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lowered its holdings in RTX Co. (NYSE:RTX) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 624,818 shares of the company’s stock after selling 25,149 shares during the period. Epoch Investment Partners Inc.’s holdings in RTX were worth $62,725,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RTX. Gryphon Financial Partners LLC acquired a new stake in RTX in the fourth quarter valued at approximately $474,000. TrinityPoint Wealth LLC grew its holdings in RTX by 8.1% during the 4th quarter. TrinityPoint Wealth LLC now owns 37,374 shares of the company’s stock valued at $3,145,000 after purchasing an additional 2,790 shares in the last quarter. TCW Group Inc. purchased a new stake in RTX during the 4th quarter worth $1,912,000. Congress Wealth Management LLC DE lifted its holdings in RTX by 38.3% in the 4th quarter. Congress Wealth Management LLC DE now owns 13,329 shares of the company’s stock worth $1,122,000 after buying an additional 3,689 shares in the last quarter. Finally, Johnson Financial Group Inc. boosted its position in RTX by 20.1% in the 4th quarter. Johnson Financial Group Inc. now owns 2,840 shares of the company’s stock valued at $239,000 after buying an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the completion of the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dantaya M. Williams sold 17,570 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.87, for a total value of $2,018,265.90. Following the completion of the transaction, the executive vice president now directly owns 38,855 shares of the company’s stock, valued at $4,463,273.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 178,333 shares of company stock worth $20,861,880. Insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $118.15 on Monday. The company has a market cap of $157.17 billion, a P/E ratio of 46.33, a PEG ratio of 2.10 and a beta of 0.82. The business has a 50 day moving average of $115.87 and a two-hundred day moving average of $106.48. RTX Co. has a 52 week low of $68.56 and a 52 week high of $123.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, analysts anticipate that RTX Co. will post 5.45 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on RTX shares. Royal Bank of Canada lifted their target price on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. Susquehanna raised their price target on shares of RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. TD Cowen upped their price target on shares of RTX from $115.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.31.

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.