Smithbridge Asset Management Inc. DE significantly reduced its stake in RTX Corporation by 45.9% in the first quarter, selling 59,538 shares and now owning 70,202 shares valued at $13.54 million. This move makes RTX the 14th largest holding for the firm, accounting for 2.0% of its portfolio. Other institutional investors like Brighton Jones LLC, Revolve Wealth Partners LLC, United Bank, Schnieders Capital Management LLC, and Arrowstreet Capital Limited Partnership have also adjusted their positions in RTX.

Smithbridge Asset Management Inc. DE has reduced its stake in Apollo Global Management Inc. (NYSE:APO) by 51.4%, selling 68,655 shares while still holding 64,910 shares valued at $7.23 million. Other institutional investors like Boston Partners and Focus Partners Wealth significantly increased their holdings in APO. The company recently declared an increased quarterly dividend of $0.5625 per share, and an insider, John P. Zito, sold 48,644 shares.

Smithbridge Asset Management Inc. DE reduced its stake in The Goldman Sachs Group by 31.3% in the first quarter, selling 5,224 shares and now holding 11,492 shares valued at $9.72 million. Other institutional investors also adjusted their positions, and Goldman Sachs stock traded up 0.8% at $1,019.78, with a market cap of $300.85 billion. The company recently reported strong earnings, topping consensus estimates, and announced a quarterly dividend of $4.50 per share.

Leidos Holdings, a major US technology and engineering company, primarily generates revenue from long-term government and defense contracts. The company's business model revolves around providing specialized expertise in areas like cybersecurity and logistics planning, allowing it to compete for high-value projects. Investors focus on its stable contract backlog, cash generation, and how its capabilities support future growth, rather than short-term trading swings.

Occidental Petroleum's subsidiary, Oxy Low Carbon Ventures, is focusing on industrial-scale carbon capture, utilization, and storage (CCUS) services along the US Gulf Coast. These services involve designing, financing, operating, and monitoring CO2 capture and storage systems for heavy emitters, helping them comply with regulations and benefit from federal incentives like the 45Q tax credit. The company positions CCUS as a scalable and profitable new business line, leveraging its expertise in subsurface storage and pipeline infrastructure to offer a comprehensive solution for decarbonization.

iA Global Asset Management Inc. significantly reduced its stake in United Rentals, Inc. by 61.7% in the first quarter, now holding 10,516 shares valued at $7.66 million. Despite this, institutional investors and hedge funds still own 96.26% of the company's stock, though several other firms also adjusted their positions. United Rentals reported mixed Q1 results with EPS missing estimates but revenue up 7.2%, and analysts currently rate the stock a "Moderate Buy" with an average target price of $1,106.44.

Center for Wealth Management Advisory significantly reduced its stake in CVS Health Corporation by 84.1% in the first quarter, now holding 3,879 shares valued at approximately $279,000. Despite this sale, institutions still hold 80.66% of CVS stock. The company reported strong Q1 results, beating EPS and revenue estimates, and analysts have a "Moderate Buy" rating with a consensus price target of $101.28.

iA Global Asset Management Inc. has increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 26.2% in the first quarter, bringing its total holdings to 34,775 shares valued at $8.3 million. This comes as Autodesk reported strong quarterly results, beating EPS estimates, and amidst notable insider buying activity from directors John T. Cahill and Stacy J. Smith. Despite analysts trimming price targets, the stock maintains a consensus "Moderate Buy" rating.

Center for Wealth Management Advisory initiated a new position in General Dynamics (NYSE:GD) by purchasing 4,176 shares valued at approximately $1.43 million during the first quarter. This comes as General Dynamics reported strong quarterly results, exceeding analyst estimates with an EPS of $4.10 and revenue of $13.48 billion, a 10.3% increase year-over-year. The company also declared a quarterly dividend of $1.59 per share, and analysts currently rate the stock as a "Moderate Buy" with a consensus target price of $388.40.

ANSYS Inc. is solidifying its leadership in engineering simulation software, with investors closely watching its licensing model and diverse industry exposure for sustained long-term revenue and margin growth. The company's software helps engineers virtually test product behavior, reducing development costs and time to market across various sectors like aerospace, automotive, and industrial manufacturing. Its business model, combining perpetual and term licenses with maintenance and professional services, is adapting to the industry shift towards subscription and cloud-based offerings.