RTX Co. (NYSE:RTX) Shares Acquired by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA boosted its stake in RTX Co. (NYSE:RTX) by 3.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,058 shares of the company’s stock after buying an additional 400 shares during the period. Middleton & Co. Inc. MA’s holdings in RTX were worth $1,211,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Hsbc Holdings PLC raised its stake in shares of RTX by 47.9% in the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock worth $246,300,000 after buying an additional 792,830 shares in the last quarter. Kooman & Associates bought a new position in RTX during the second quarter valued at about $221,000. Blair William & Co. IL grew its holdings in RTX by 68.5% during the second quarter. Blair William & Co. IL now owns 357,342 shares of the company’s stock worth $35,874,000 after acquiring an additional 145,324 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in RTX by 17.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 130,547 shares of the company’s stock worth $12,383,000 after acquiring an additional 19,235 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in RTX by 8.0% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,476 shares of the company’s stock valued at $2,256,000 after acquiring an additional 1,668 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling

In other RTX 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 sale, the vice president now directly owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Kevin G. Dasilva sold 8,166 shares of the company’s stock in a transaction 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 directly owns 45,208 shares in the company, valued at $5,197,111.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now owns 566,723 shares in the company, valued at $66,725,966.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 178,333 shares of company stock worth $20,861,880. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Melius Research lifted their price objective on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and upped their price target for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Robert W. Baird increased their price objective on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. TD Cowen lifted their target price on RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group upped their target price on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $157.31.

RTX Price Performance

NYSE RTX opened at $118.03 on Thursday. The company has a 50 day simple moving average of $114.84 and a 200-day simple moving average of $105.89. The firm has a market capitalization 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. RTX Co. has a 52-week low of $68.56 and a 52-week high of $123.70. 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, 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 analysts’ expectations of $19.29 billion. During the same quarter last year, the firm earned $1.29 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts predict that RTX Co. will post 5.45 earnings per share for the current fiscal year.

RTX 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.