Godshalk Welsh Capital Management Inc. Buys 200 Shares of RTX Co. (NYSE:RTX)

Godshalk Welsh Capital Management Inc. increased its stake in shares of RTX Co. (NYSE:RTX) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,276 shares of the company’s stock after purchasing an additional 200 shares during the period. Godshalk Welsh Capital Management Inc.’s holdings in RTX were worth $931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gryphon Financial Partners LLC bought a new position in RTX in the fourth quarter worth approximately $474,000. TrinityPoint Wealth LLC raised its holdings in RTX by 8.1% in the 4th quarter. TrinityPoint Wealth LLC now owns 37,374 shares of the company’s stock worth $3,145,000 after purchasing an additional 2,790 shares during the period. Assetmark Inc. lifted its position in RTX by 2.0% during the fourth quarter. Assetmark Inc. now owns 112,525 shares of the company’s stock valued at $9,468,000 after purchasing an additional 2,217 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in RTX by 19.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,450 shares of the company’s stock valued at $627,000 after purchasing an additional 1,212 shares during the period. Finally, InterOcean Capital Group LLC increased its position in RTX by 4.7% in the fourth quarter. InterOcean Capital Group LLC now owns 10,215 shares of the company’s stock worth $859,000 after buying an additional 463 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $118.84 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1-year low of $68.56 and a 1-year high of $123.70. The business has a 50 day simple moving average of $115.19 and a two-hundred day simple moving average of $105.97. The stock has a market capitalization of $158.09 billion, a PE ratio of 46.60, a P/E/G ratio of 2.10 and a beta of 0.82.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Melius Research lifted their price objective on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Susquehanna lifted their price target on shares of RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. Robert W. Baird increased their price objective on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $157.31.

Insider Activity

In related news, EVP Dantaya M. Williams sold 17,570 shares of RTX stock in a transaction dated 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 owns 38,855 shares in the company, valued at $4,463,273.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the sale, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dantaya M. Williams sold 17,570 shares of RTX stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following 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. In the last three months, insiders have sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is currently owned by corporate insiders.

RTX Company Profile

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.