RTX Co. (NYSE:RTX) Shares Acquired by Fluent Financial LLC

Fluent Financial LLC grew its stake in RTX Co. (NYSE:RTX) by 370.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 9,467 shares of the company’s stock after acquiring an additional 7,456 shares during the period. Fluent Financial LLC’s holdings in RTX were worth $1,147,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Peoples Bank KS acquired a new position in RTX during the 3rd quarter worth about $666,000. HBW Advisory Services LLC acquired a new stake in shares of RTX during the third quarter worth about $263,000. MRA Advisory Group acquired a new position in shares of RTX in the third quarter valued at approximately $210,000. Abacus Wealth Partners LLC acquired a new stake in RTX during the 3rd quarter worth approximately $242,000. Finally, Czech National Bank grew its stake in shares of RTX by 7.0% in the third quarter. Czech National Bank now owns 270,983 shares of the company’s stock worth $32,832,000 after acquiring an additional 17,645 shares in 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, 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 transaction of $2,018,265.90. Following the completion of the sale, the executive vice president now directly owns 38,855 shares of the company’s stock, valued at approximately $4,463,273.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Dantaya M. Williams sold 17,570 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.87, for a total value of $2,018,265.90. Following the completion of the sale, the executive vice president now owns 38,855 shares in the company, valued at approximately $4,463,273.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. The trade was a 0.00 % decrease in their position. 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. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RTX shares. Royal Bank of Canada upped their price target on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $140.00 in a report on Wednesday, July 31st. The Goldman Sachs Group lifted their price objective on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Susquehanna increased their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their price target on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $161.13.

RTX Stock Performance

RTX traded up $1.24 during trading on Friday, hitting $124.91. 3,056,543 shares of the stock were exchanged, compared to its average volume of 6,964,188. The firm has a market capitalization of $166.16 billion, a P/E ratio of 48.98, a PEG ratio of 2.18 and a beta of 0.82. RTX Co. has a 1-year low of $68.56 and a 1-year high of $125.53. The stock has a fifty day moving average price of $119.11 and a two-hundred day moving average price of $108.40. 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 results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $19.29 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. RTX’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, sell-side analysts predict that RTX Co. will post 5.45 earnings per share for the current year.

RTX 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.