RTX Co. (NYSE:RTX) Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC boosted its position in shares of RTX Co. (NYSE:RTX) by 31.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,272 shares of the company’s stock after buying an additional 18,938 shares during the quarter. AE Wealth Management LLC’s holdings in RTX were worth $7,958,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Gryphon Financial Partners LLC bought a new stake in shares of RTX during the 4th quarter worth $474,000. TrinityPoint Wealth LLC lifted its holdings in shares of RTX by 8.1% during the fourth quarter. TrinityPoint Wealth LLC now owns 37,374 shares of the company’s stock valued at $3,145,000 after purchasing an additional 2,790 shares during the last quarter. SageView Advisory Group LLC acquired a new position in shares of RTX in the 4th quarter valued at $1,485,000. TCW Group Inc. purchased a new position in RTX in the 4th quarter worth about $1,912,000. Finally, Orion Portfolio Solutions LLC raised its holdings in RTX by 69.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 151,343 shares of the company’s stock worth $12,991,000 after buying an additional 62,000 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Down 0.6 %

NYSE:RTX opened at $118.15 on Friday. The company has a market capitalization of $157.17 billion, a P/E ratio of 46.33, a P/E/G ratio of 2.10 and a beta of 0.82. The stock’s 50 day moving average price is $115.87 and its 200 day moving average price is $106.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 52 week low of $68.56 and a 52 week high of $123.70.

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

Insiders Place Their Bets

In other news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the transaction, the vice president now owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Gregory Hayes sold 134,887 shares of the business’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 completion of the sale, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the transaction, the vice president now owns 12,318 shares in the company, valued at $1,402,773.84. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock valued at $20,861,880 over the last quarter. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on RTX. Royal Bank of Canada raised their target price on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their price objective on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. The Goldman Sachs Group boosted their target price on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Susquehanna raised their target price on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Finally, Robert W. Baird upped their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.