Xponance Inc. Sells 10,251 Shares of RTX Co. (NYSE:RTX)

Xponance Inc. decreased its position in shares of RTX Co. (NYSE:RTX) by 5.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,836 shares of the company’s stock after selling 10,251 shares during the quarter. Xponance Inc.’s holdings in RTX were worth $17,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Briaud Financial Planning Inc boosted its stake in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Lynx Investment Advisory bought a new position in RTX in the second quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the second quarter valued at approximately $32,000. Fairfield Financial Advisors LTD bought a new position in RTX in the second quarter valued at approximately $41,000. Finally, Alaska Permanent Fund Corp bought a new position in RTX in the first quarter valued at approximately $42,000. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on RTX. Robert W. Baird lifted their price target on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Melius Research lifted their price target on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. lifted their price objective on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Finally, Wells Fargo & Company lowered their price objective on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $157.31.

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 8,166 shares of RTX stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the transaction, the vice president now directly owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Kevin G. Dasilva sold 8,166 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.96, for a total value of $938,763.36. Following the completion of the sale, the vice president now owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction dated 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 completion of the sale, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock valued at $20,861,880 over the last ninety days. 0.13% of the stock is currently owned by company insiders.

RTX Price Performance

Shares of RTX opened at $118.15 on Monday. The company has a market cap of $157.17 billion, a price-to-earnings ratio of 46.33, a PEG ratio of 2.10 and a beta of 0.82. RTX Co. has a 1-year low of $68.56 and a 1-year high of $123.70. The company’s fifty day simple moving average is $115.87 and its 200 day simple moving average is $106.48. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.41 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 firm had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. During the same period in the previous year, the business posted $1.29 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, research analysts forecast that RTX Co. will post 5.45 earnings per share 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.