RTX Co. (NYSE:RTX) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lifted its holdings in shares of RTX Co. (NYSE:RTX) by 3.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,290 shares of the company’s stock after purchasing an additional 2,088 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in RTX were worth $6,554,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in RTX. Alpha Omega Wealth Management LLC boosted its position in shares of RTX by 0.6% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock worth $1,518,000 after purchasing an additional 89 shares in the last quarter. Motco boosted its holdings in RTX by 7.2% during the first quarter. Motco now owns 1,475 shares of the company’s stock worth $144,000 after buying an additional 99 shares in the last quarter. D Orazio & Associates Inc. grew its position in RTX by 4.0% during the second quarter. D Orazio & Associates Inc. now owns 2,602 shares of the company’s stock worth $261,000 after buying an additional 99 shares during the period. Enterprise Bank & Trust Co increased its holdings in RTX by 2.9% in the second quarter. Enterprise Bank & Trust Co now owns 3,550 shares of the company’s stock valued at $356,000 after buying an additional 100 shares in the last quarter. Finally, Werlinich Asset Management LLC boosted its stake in shares of RTX by 0.4% during the 2nd quarter. Werlinich Asset Management LLC now owns 26,814 shares of the company’s stock worth $2,698,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.6 %

Shares of RTX stock opened at $118.15 on Friday. The firm has a market cap of $157.17 billion, a PE ratio of 46.33, a P/E/G ratio of 2.10 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $123.70. The business’s fifty day moving average is $115.53 and its two-hundred day moving average is $106.06.

RTX (NYSE:RTX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) 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 firm had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same period last year, the company earned $1.29 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts anticipate that RTX Co. will post 5.45 earnings per share for the current year.

Insider Activity at RTX

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on RTX. Royal Bank of Canada raised their price objective on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. TD Cowen increased their price objective on shares of RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a research report on Tuesday, July 30th. Finally, StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, RTX has a consensus rating of “Hold” and an average price target 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.