RTX Co. (NYSE:RTX) Shares Acquired by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC increased its position in shares of RTX Co. (NYSE:RTX) by 9.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,007 shares of the company’s stock after acquiring an additional 2,435 shares during the quarter. RTX makes up about 1.6% of Mark Sheptoff Financial Planning LLC’s portfolio, making the stock its 12th biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in RTX were worth $2,812,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Gryphon Financial Partners LLC purchased a new stake in shares of RTX during the 4th quarter valued at approximately $474,000. TrinityPoint Wealth LLC lifted its stake in shares of RTX by 8.1% in the 4th quarter. TrinityPoint Wealth LLC now owns 37,374 shares of the company’s stock valued at $3,145,000 after purchasing an additional 2,790 shares during the last quarter. Assetmark Inc. grew its holdings in shares of RTX by 2.0% during the 4th quarter. Assetmark Inc. now owns 112,525 shares of the company’s stock worth $9,468,000 after purchasing an additional 2,217 shares during the period. Certified Advisory Corp increased its position in shares of RTX by 6.2% during the 4th quarter. Certified Advisory Corp now owns 3,492 shares of the company’s stock worth $294,000 after purchasing an additional 205 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in RTX by 19.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,450 shares of the company’s stock valued at $627,000 after buying an additional 1,212 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.6 %

NYSE RTX opened at $118.03 on Thursday. RTX Co. has a 52 week low of $68.56 and a 52 week high of $123.70. The firm has a 50 day moving average of $114.84 and a two-hundred day moving average of $105.89. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $157.01 billion, a PE ratio of 46.29, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82.

RTX (NYSE:RTX) last issued its earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The firm had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. As a group, research analysts expect that RTX Co. will post 5.45 EPS for the current fiscal 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 stock was sold at an average price of $114.96, for a total transaction 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 document filed with the SEC, which is available through the SEC website. In other news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares in the company, valued at $66,725,966.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 8,166 shares of the company’s stock in a transaction dated 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 directly owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

RTX has been the subject of several research analyst reports. The Goldman Sachs Group increased their target price on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Robert W. Baird lifted their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. JPMorgan Chase & Co. upped their price target on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Melius Research lifted their price objective on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Finally, Bank of America raised RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Two investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $157.31.

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.