Blair William & Co. IL Purchases 145,324 Shares of RTX Co. (NYSE:RTX)

Blair William & Co. IL increased its position in RTX Co. (NYSE:RTX) by 68.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 357,342 shares of the company’s stock after buying an additional 145,324 shares during the period. Blair William & Co. IL’s holdings in RTX were worth $35,874,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Capital Research Global Investors lifted its holdings in shares of RTX by 23.7% in the fourth quarter. Capital Research Global Investors now owns 90,430,489 shares of the company’s stock worth $7,608,822,000 after buying an additional 17,351,313 shares in the last quarter. Capital International Investors increased its holdings in RTX by 20.6% in the 4th quarter. Capital International Investors now owns 65,233,410 shares of the company’s stock valued at $5,488,752,000 after acquiring an additional 11,163,222 shares during the last quarter. Focused Investors Fund L P purchased a new stake in RTX in the 1st quarter worth $80,594,000. Sanders Capital LLC boosted its holdings in shares of RTX by 6.8% during the 4th quarter. Sanders Capital LLC now owns 10,674,438 shares of the company’s stock valued at $898,147,000 after purchasing an additional 677,520 shares during the last quarter. Finally, Groupama Asset Managment purchased a new position in shares of RTX during the fourth quarter valued at about $42,506,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on RTX. Bank of America raised RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research note on Tuesday, July 30th. Royal Bank of Canada lifted their price objective on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Melius Research upped their target price on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $157.31.

RTX Price Performance

RTX stock opened at $118.03 on Thursday. 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 $157.01 billion, a price-to-earnings ratio of 46.29, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The firm has a 50-day moving average of $114.84 and a two-hundred day moving average of $105.89. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70.

RTX (NYSE:RTX) last announced its quarterly 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. 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 analyst estimates of $19.29 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. RTX’s quarterly revenue was up 7.7% on a year-over-year basis. On average, research analysts forecast that RTX Co. will post 5.45 earnings per share for the current year.

Insider Activity

In related news, VP Kevin G. Dasilva sold 8,166 shares of the business’s 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,166 shares of the business’s 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 transaction, the vice president now owns 45,208 shares of the company’s stock, valued at approximately $5,197,111.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 178,333 shares of company stock worth $20,861,880. Corporate insiders own 0.13% of the company’s stock.

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.