1,871 Shares in RTX Co. (NYSE:RTX) Bought by Inspirion Wealth Advisors LLC

Inspirion Wealth Advisors LLC purchased a new stake in shares of RTX Co. (NYSE:RTX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,871 shares of the company’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of RTX. Briaud Financial Planning Inc raised its holdings in RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Lynx Investment Advisory purchased a new position in RTX in the 2nd quarter worth approximately $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the 2nd quarter worth approximately $32,000. Fairfield Financial Advisors LTD bought a new stake in shares of RTX during the second quarter valued at approximately $41,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of RTX in the first quarter worth $42,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Up 1.0 %

Shares of RTX traded up $1.24 during mid-day trading on Friday, reaching $124.91. 3,056,543 shares of the company’s stock traded hands, compared to its average volume of 6,964,188. RTX Co. has a 12 month low of $68.56 and a 12 month 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. The stock has a market cap of $166.16 billion, a P/E ratio of 48.98, a P/E/G ratio of 2.18 and a beta of 0.82. The stock’s 50-day moving average is $119.11 and its two-hundred day moving average is $108.40.

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

Analyst Ratings Changes

RTX has been the topic of a number of research reports. Robert W. Baird lifted their price target on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. lifted their price objective on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group upped their price target on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $161.13.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $113.88, for a total value of $766,867.92. Following the transaction, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the sale, the chairman now owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 12,318 shares in the company, valued at approximately $1,402,773.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is currently owned by company 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.