Callan Capital LLC Acquires 1,346 Shares of RTX Co. (NYSE:RTX)

Callan Capital LLC boosted its holdings in shares of RTX Co. (NYSE:RTX) by 32.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,458 shares of the company’s stock after acquiring an additional 1,346 shares during the period. Callan Capital LLC’s holdings in RTX were worth $548,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in RTX. Gryphon Financial Partners LLC bought a new position in shares of RTX during the 4th quarter valued at about $474,000. TrinityPoint Wealth LLC increased its position in shares of RTX by 8.1% during the fourth quarter. TrinityPoint Wealth LLC now owns 37,374 shares of the company’s stock worth $3,145,000 after acquiring an additional 2,790 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of RTX during the fourth quarter worth $1,931,000. Cambridge Investment Research Advisors Inc. lifted its position in RTX by 1.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 315,592 shares of the company’s stock valued at $26,554,000 after acquiring an additional 4,424 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new position in RTX in the 4th quarter worth $1,485,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 8,166 shares of RTX stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the transaction, the vice president now owns 45,208 shares in the company, valued at approximately $5,197,111.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other RTX news, VP Kevin G. Dasilva sold 8,166 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the transaction, the vice president now directly owns 45,208 shares in the company, valued at approximately $5,197,111.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 4,235 shares of the 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 owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,333 shares of company stock worth $20,861,880. Insiders own 0.13% of the company’s stock.

RTX Price Performance

RTX stock opened at $118.15 on Friday. RTX Co. has a 52-week low of $68.56 and a 52-week high of $123.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market capitalization of $157.17 billion, a price-to-earnings ratio of 46.33, a PEG ratio of 2.10 and a beta of 0.82. The stock’s 50 day moving average price is $115.53 and its two-hundred day moving average price is $106.06.

RTX (NYSE:RTX) last released its quarterly earnings data 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 return on equity of 11.37% and a net margin of 3.12%. 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 previous year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts predict that RTX Co. will post 5.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RTX. Robert W. Baird upped their price target on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lifted their price target on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Wells Fargo & Company decreased their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Royal Bank of Canada increased their price target on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Finally, Bank of America raised 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 research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.