RTX Co. (NYSE:RTX) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its stake in RTX Co. (NYSE:RTX) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,635 shares of the company’s stock after selling 926 shares during the period. Dana Investment Advisors Inc.’s holdings in RTX were worth $5,284,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Elgethun Capital Management raised its holdings in shares of RTX by 3.8% during the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after buying an additional 85 shares during the period. Alpha Omega Wealth Management LLC raised its stake in shares of RTX by 0.6% during the second quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after purchasing an additional 89 shares during the period. Motco lifted its position in shares of RTX by 7.2% during the first quarter. Motco now owns 1,475 shares of the company’s stock worth $144,000 after purchasing an additional 99 shares in the last quarter. D Orazio & Associates Inc. boosted its stake in shares of RTX by 4.0% in the second quarter. D Orazio & Associates Inc. now owns 2,602 shares of the company’s stock valued at $261,000 after purchasing an additional 99 shares during the period. Finally, Enterprise Bank & Trust Co grew its holdings in RTX by 2.9% during the 2nd quarter. Enterprise Bank & Trust Co now owns 3,550 shares of the company’s stock valued at $356,000 after purchasing an additional 100 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RTX

In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the transaction, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the transaction, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction 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 transaction, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The disclosure for this sale can be found here. Insiders have sold a total of 178,333 shares of company stock worth $20,861,880 in the last ninety days. 0.13% of the stock is owned by insiders.

RTX Stock Up 2.7 %

NYSE:RTX opened at $124.38 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $118.30 and a 200-day moving average of $107.96. The firm has a market capitalization of $165.36 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. RTX Co. has a 52 week low of $68.56 and a 52 week high of $124.59.

RTX (NYSE:RTX) last issued its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate 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 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts predict that RTX Co. will post 5.45 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $140.00 in a report on Wednesday, July 31st. The Goldman Sachs Group increased their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company dropped their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada raised their price target on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. 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 stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Hold” and an average price target of $157.31.

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.