Kades & Cheifetz LLC Takes $238,000 Position in RTX Co. (NYSE:RTX)

Kades & Cheifetz LLC purchased a new position in shares of RTX Co. (NYSE:RTX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,963 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors also recently bought and sold shares of the company. RFG Advisory LLC increased its holdings in shares of RTX by 96.1% in the first quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after purchasing an additional 19,779 shares during the period. Manning & Napier Advisors LLC purchased a new position in RTX during the 2nd quarter worth $30,837,000. Capital Advisors Ltd. LLC boosted its holdings in shares of RTX by 7.3% in the first quarter. Capital Advisors Ltd. LLC now owns 2,451 shares of the company’s stock valued at $239,000 after acquiring an additional 166 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of RTX by 126.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock worth $17,134,000 after acquiring an additional 98,248 shares during the period. Finally, CWM LLC raised its holdings in RTX by 7.2% during the first quarter. CWM LLC now owns 126,970 shares of the company’s stock worth $12,383,000 after purchasing an additional 8,493 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of analyst reports. Royal Bank of Canada increased their target price on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. raised their target price on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and increased their price target for the company from $109.00 to $129.00 in a report on Thursday. Robert W. Baird boosted their price objective on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $161.13.

Insider Buying and Selling at RTX

In other news, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.96, for a total value of $938,763.36. Following the completion of the sale, the vice president now owns 45,208 shares in the company, valued at $5,197,111.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other RTX news, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.96, for a total value of $938,763.36. Following the completion of the sale, the vice president now owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the transaction, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The disclosure for this sale can be found here. Insiders have sold 178,333 shares of company stock valued at $20,861,880 over the last three months. 0.13% of the stock is owned by company insiders.

RTX Stock Performance

NYSE RTX opened at $124.04 on Thursday. The business’s 50-day simple moving average is $118.69 and its 200-day simple moving average is $108.07. The firm has a market capitalization of $164.91 billion, a P/E ratio of 48.64, a P/E/G ratio of 2.12 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 company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.11. The company had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 earnings per share. Equities analysts predict that RTX Co. will post 5.45 EPS for the current year.

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.