RTX Co. (NYSE:RTX) Shares Sold by Founders Financial Alliance LLC

Founders Financial Alliance LLC lowered its holdings in RTX Co. (NYSE:RTX) by 2.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,119 shares of the company’s stock after selling 238 shares during the quarter. Founders Financial Alliance LLC’s holdings in RTX were worth $1,016,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Elgethun Capital Management increased its position in shares of RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after purchasing an additional 85 shares during the period. Alpha Omega Wealth Management LLC boosted its stake in RTX by 0.6% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after buying an additional 89 shares in the last quarter. Motco boosted its stake in RTX by 7.2% in the first quarter. Motco now owns 1,475 shares of the company’s stock worth $144,000 after purchasing an additional 99 shares in the last quarter. D Orazio & Associates Inc. boosted its stake in RTX by 4.0% in the second quarter. D Orazio & Associates Inc. now owns 2,602 shares of the company’s stock worth $261,000 after purchasing an additional 99 shares in the last quarter. Finally, Enterprise Bank & Trust Co boosted its stake in RTX by 2.9% in the second quarter. Enterprise Bank & Trust Co now owns 3,550 shares of the company’s stock worth $356,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a research report on Tuesday, July 30th. Robert W. Baird boosted their target price 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. boosted their target price on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. TD Cowen boosted their target price on RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada boosted their target price on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $157.31.

RTX Stock Up 0.6 %

Shares of RTX stock opened at $121.14 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market capitalization of $161.15 billion, a P/E ratio of 47.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The business has a 50-day moving average of $117.91 and a two-hundred day moving average of $107.74. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping 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 company had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. RTX’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that RTX Co. will post 5.45 EPS for the current year.

Insider Buying and Selling at RTX

In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Kevin G. Dasilva sold 8,166 shares of RTX stock in a transaction that occurred 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the transaction, the chairman now owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock worth $20,861,880 over the last ninety days. 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.