RTX Co. (NYSE:RTX) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV reduced its stake in shares of RTX Co. (NYSE:RTX) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,181 shares of the company’s stock after selling 508 shares during the quarter. Resources Management Corp CT ADV’s holdings in RTX were worth $5,740,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. RFG Advisory LLC increased its position in shares of RTX by 96.1% in the first quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after buying an additional 19,779 shares in the last quarter. Robinson Smith Wealth Advisors LLC acquired a new position in RTX during the fourth quarter worth $672,000. Gryphon Financial Partners LLC purchased a new position in RTX during the fourth quarter valued at $474,000. Edge Capital Group LLC grew its position in shares of RTX by 37.7% in the fourth quarter. Edge Capital Group LLC now owns 188,929 shares of the company’s stock valued at $15,896,000 after purchasing an additional 51,735 shares during the period. Finally, Rafferty Asset Management LLC increased its stake in shares of RTX by 7.0% during the fourth quarter. Rafferty Asset Management LLC now owns 360,036 shares of the company’s stock worth $30,293,000 after purchasing an additional 23,662 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

NYSE:RTX opened at $120.27 on Tuesday. 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 firm has a market cap of $159.90 billion, a price-to-earnings ratio of 47.16, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. The company’s 50-day moving average is $116.24 and its two-hundred day moving average is $106.69. RTX Co. has a 12-month low of $68.56 and a 12-month high of $123.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating 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 company had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter in the prior year, the company posted $1.29 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Research analysts expect that RTX Co. will post 5.45 EPS for the current year.

Insider Buying and Selling

In related news, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction on 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 transaction, the chairman now owns 566,723 shares in the company, valued at approximately $66,725,966.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on RTX shares. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a report on Tuesday, July 30th. Wells Fargo & Company reduced their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Robert W. Baird increased their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, Melius Research boosted their price target on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $157.31.

RTX 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.