Certified Advisory Corp Has $395,000 Stake in RTX Co. (NYSE:RTX)

Certified Advisory Corp decreased its stake in shares of RTX Co. (NYSE:RTX) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,938 shares of the company’s stock after selling 116 shares during the quarter. Certified Advisory Corp’s holdings in RTX were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. DRW Securities LLC bought a new position in shares of RTX in the 2nd quarter worth $357,000. Edge Capital Group LLC lifted its holdings in shares of RTX by 2.6% in the 2nd quarter. Edge Capital Group LLC now owns 246,320 shares of the company’s stock worth $24,728,000 after purchasing an additional 6,173 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of RTX by 13.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 11,926 shares of the company’s stock worth $1,197,000 after purchasing an additional 1,368 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of RTX in the 2nd quarter worth $406,000. Finally, Gabelli Funds LLC lifted its holdings in shares of RTX by 5.6% in the 2nd quarter. Gabelli Funds LLC now owns 56,640 shares of the company’s stock worth $5,686,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 1.8 %

Shares of RTX stock opened at $120.27 on Tuesday. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70. The firm has a market cap of $159.90 billion, a PE ratio of 47.16, a P/E/G ratio of 2.10 and a beta of 0.82. The stock has a fifty day moving average price of $116.24 and a 200-day moving average price of $106.69. 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 announced its quarterly earnings data 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 company had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. During the same quarter last year, the firm posted $1.29 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts anticipate that RTX Co. will post 5.45 EPS for the current year.

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent research reports. TD Cowen increased their target price on RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Melius Research increased their target price on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Susquehanna raised their price objective on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Finally, 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 research note on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $157.31.

Insider Buying and Selling

In related news, CEO Christopher T. Calio sold 4,235 shares of RTX stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the sale, the chief executive officer now owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other RTX news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the completion of the transaction, the chairman now owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher T. Calio sold 4,235 shares of RTX 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 transaction, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is owned by insiders.

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.