RTX Co. (NYSE:RTX) Shares Sold by Park Place Capital Corp

Park Place Capital Corp trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 49.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,396 shares of the company’s stock after selling 5,361 shares during the period. Park Place Capital Corp’s holdings in RTX were worth $654,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of RTX. Elgethun Capital Management increased its position in RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after buying an additional 85 shares in the last quarter. Alpha Omega Wealth Management LLC lifted its holdings in 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 purchasing an additional 89 shares in the last quarter. Lazari Capital Management Inc. boosted its position in RTX by 1.6% during the second quarter. Lazari Capital Management Inc. now owns 6,009 shares of the company’s stock worth $603,000 after acquiring an additional 95 shares during the last quarter. Motco grew its stake in RTX by 7.2% in the 1st quarter. Motco now owns 1,475 shares of the company’s stock worth $144,000 after acquiring an additional 99 shares during the period. Finally, D Orazio & Associates Inc. raised its holdings in 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. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group lifted their price objective on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Royal Bank of Canada lifted their price target on shares of RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Finally, Melius Research lifted their target price on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Hold” and an average price target of $161.13.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 17,570 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.87, for a total value of $2,018,265.90. Following the completion of the sale, the executive vice president now directly owns 38,855 shares of the company’s stock, valued at $4,463,273.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other RTX news, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Dantaya M. Williams sold 17,570 shares of RTX stock in a transaction dated Friday, July 26th. The shares were 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 $4,463,273.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,333 shares of company stock valued at $20,861,880. Insiders own 0.13% of the company’s stock.

RTX Stock Down 1.2 %

RTX traded down $1.44 on Tuesday, reaching $123.61. The company’s stock had a trading volume of 868,654 shares, compared to its average volume of 6,920,617. The business’s 50 day moving average is $119.32 and its 200 day moving average is $108.80. RTX Co. has a 1 year low of $71.82 and a 1 year high of $125.89. The stock has a market cap of $164.34 billion, a price-to-earnings ratio of 49.04, a price-to-earnings-growth ratio of 2.18 and a beta of 0.82. 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 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 net margin of 3.12% and a return on equity of 11.37%. The business had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year. As a group, research analysts forecast that RTX Co. will post 5.45 EPS for the current fiscal year.

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.