Smith Thornton Advisors LLC Purchases Shares of 2,364 RTX Co. (NYSE:RTX)

Smith Thornton Advisors LLC bought a new position in RTX Co. (NYSE:RTX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,364 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Gryphon Financial Partners LLC acquired a new stake in RTX during the 4th quarter valued at $474,000. TD Asset Management Inc raised its position in RTX by 5.7% during the fourth quarter. TD Asset Management Inc now owns 561,621 shares of the company’s stock valued at $47,255,000 after buying an additional 30,354 shares during the period. Focus Financial Network Inc. ADV purchased a new stake in RTX in the 4th quarter worth about $1,910,000. Legacy Advisors LLC acquired a new stake in RTX during the 4th quarter worth about $217,000. Finally, Weiss Asset Management LP purchased a new position in RTX during the 4th quarter valued at about $416,000. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 17,570 shares of the firm’s 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 owns 38,855 shares in the company, valued at $4,463,273.85. The sale was disclosed in a document filed with the SEC, which is available through this link. In other RTX news, EVP Dantaya M. Williams sold 17,570 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $4,463,273.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,333 shares of company stock worth $20,861,880. Insiders own 0.13% of the company’s stock.

RTX Trading Down 0.5 %

Shares of RTX opened at $120.32 on Friday. The stock’s fifty day simple moving average is $117.22 and its 200-day simple moving average is $107.09. The firm has a market capitalization of $160.05 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. RTX Co. has a 12-month low of $68.56 and a 12-month high of $123.70. 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 earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 EPS. As a group, research analysts predict that RTX Co. will post 5.45 earnings per share for the current year.

Analysts Set New Price Targets

RTX has been the topic of a number of research reports. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Royal Bank of Canada raised their price target on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Wells Fargo & Company lowered their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a research report on Tuesday, July 30th. Finally, Robert W. Baird boosted their target price on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, RTX presently has an average rating of “Hold” and an average price target of $157.31.

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.