Sat Sep 28 18:30:35 UTC 2024: ## Sepio Capital LP Trims RTX Holdings as Institutional Investors Show Mixed Interest

**New York, NY -** Sepio Capital LP, a prominent investment firm, slightly reduced its stake in RTX Corporation (NYSE: RTX) during the second quarter, according to Holdings Channel. The fund sold 86 shares of the aerospace and defense giant, decreasing its ownership by 0.3%. Sepio Capital LP’s remaining stake in RTX is valued at $2,966,000.

This move comes amidst a mixed bag of activity from other institutional investors. Briaud Financial Planning Inc significantly increased its RTX holdings by 64.1% during the second quarter, while Lynx Investment Advisory and Mizuho Securities Co. Ltd. entered new positions in the company during the same period. Additionally, Fairman Group LLC purchased a new stake in RTX during the fourth quarter, and Beaird Harris Wealth Management LLC boosted its position by 42.2% during the same period.

Despite the mixed signals, institutional investors collectively own a substantial 86.50% of RTX’s outstanding shares.

Meanwhile, RTX has been the subject of numerous research analyst reports in recent months. Goldman Sachs Group increased its target price on RTX shares from $94.00 to $104.00 but maintained a “neutral” rating. StockNews.com upgraded its rating from “hold” to “buy,” while Robert W. Baird raised its target price to $115.00 but also maintained a “neutral” rating. Melius Research and Alembic Global Advisors also boosted their price targets on RTX.

Overall, analyst sentiment on RTX remains cautiously optimistic, with two “sell” ratings, nine “hold” ratings, and six “buy” ratings. MarketBeat currently assigns RTX an average rating of “Hold” with a consensus target price of $157.31.

In other news, VP Amy L. Johnson and Chairman Gregory Hayes recently sold substantial amounts of RTX stock. Johnson sold 6,734 shares for a total of $766,867.92, while Hayes sold 134,887 shares for $15,881,595.38. While these insider transactions may raise eyebrows, it’s important to note that they often occur for reasons unrelated to the company’s long-term prospects.

RTX stock opened at $120.38 on Friday, with a 52-week low of $68.56 and a 52-week high of $123.70. The company’s market capitalization stands at $160.05 billion.

RTX Corporation remains a key player in the aerospace and defense industry, operating through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The company is expected to release its next earnings report on July 25th.

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