Pacifica Partners Inc. Cuts Holdings in RTX Co. (NYSE:RTX)

Pacifica Partners Inc. decreased its stake in shares of RTX Co. (NYSE:RTX) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,518 shares of the company’s stock after selling 301 shares during the quarter. RTX makes up 1.4% of Pacifica Partners Inc.’s investment portfolio, making the stock its 26th biggest holding. Pacifica Partners Inc.’s holdings in RTX were worth $3,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Elgethun Capital Management increased its holdings in RTX by 3.8% during the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after purchasing an additional 85 shares during the period. Alpha Omega Wealth Management LLC increased its holdings in shares of RTX by 0.6% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after acquiring an additional 89 shares during the last quarter. Lazari Capital Management Inc. increased its holdings in shares of RTX by 1.6% in the 2nd quarter. Lazari Capital Management Inc. now owns 6,009 shares of the company’s stock valued at $603,000 after acquiring an additional 95 shares during the last quarter. Motco increased its holdings in shares of RTX by 7.2% in the 1st quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after acquiring an additional 99 shares during the last quarter. Finally, D Orazio & Associates Inc. increased its holdings in shares of RTX by 4.0% in the 2nd quarter. D Orazio & Associates Inc. now owns 2,602 shares of the company’s stock valued at $261,000 after acquiring an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RTX shares. Royal Bank of Canada increased their price objective on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “sell” rating to a “hold” rating and increased their price objective for the company from $109.00 to $129.00 in a report on Thursday, October 3rd. Melius Research increased their price objective on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Wells Fargo & Company dropped their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group raised their price target on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $161.13.

Insider Activity

In other news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Dantaya M. Williams sold 17,570 shares of RTX stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the completion of the transaction, the executive vice president now directly owns 38,855 shares of the company’s stock, valued at approximately $4,463,273.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock valued at $20,861,880 in the last three months. 0.13% of the stock is currently owned by company insiders.

RTX Stock Up 0.1 %

RTX stock opened at $125.05 on Tuesday. RTX Co. has a twelve month low of $71.82 and a twelve month high of $125.68. The stock has a 50 day moving average of $119.32 and a two-hundred day moving average of $108.80. 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 market capitalization of $166.25 billion, a price-to-earnings ratio of 49.04, a PEG ratio of 2.18 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The business had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.29 EPS. As a group, research analysts expect that RTX Co. will post 5.45 earnings per share for the current year.

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.