Alpha Omega Wealth Management LLC Has $1.73 Million Stock Position in RTX Co. (NYSE:RTX)

Alpha Omega Wealth Management LLC cut its position in RTX Co. (NYSE:RTX) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,315 shares of the company’s stock after selling 811 shares during the period. Alpha Omega Wealth Management LLC’s holdings in RTX were worth $1,734,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RTX. Gabelli Funds LLC raised its position in RTX by 60.7% in the 4th quarter. Gabelli Funds LLC now owns 31,840 shares of the company’s stock valued at $2,679,000 after purchasing an additional 12,025 shares during the last quarter. Cibc World Markets Corp raised its holdings in shares of RTX by 131.0% in the fourth quarter. Cibc World Markets Corp now owns 185,575 shares of the company’s stock valued at $15,614,000 after buying an additional 105,239 shares during the last quarter. Pinnacle West Asset Management Inc. acquired a new position in RTX during the 4th quarter worth about $230,000. Stephens Inc. AR grew its holdings in RTX by 14.6% during the 4th quarter. Stephens Inc. AR now owns 105,627 shares of the company’s stock worth $8,887,000 after acquiring an additional 13,476 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its position in RTX by 47.6% in the 4th quarter. Morningstar Investment Services LLC now owns 323,447 shares of the company’s stock valued at $27,224,000 after acquiring an additional 104,319 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RTX has been the topic of several research analyst reports. The Goldman Sachs Group increased their price target 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. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a research report on Tuesday, July 30th. Robert W. Baird boosted their target price on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Susquehanna raised their price target on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, StockNews.com raised RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $161.13.

Insider Activity at RTX

In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total transaction of $482,790.00. Following the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Amy L. Johnson sold 6,734 shares of the company’s 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 completion of the transaction, the vice president now directly owns 12,318 shares of the company’s stock, valued at $1,402,773.84. 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 that occurred on Monday, July 29th. The shares were 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 directly owns 88,509 shares in the company, valued at approximately $10,090,026. The disclosure for this sale can be found here. In the last three months, insiders sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is owned by company insiders.

RTX Trading Down 0.3 %

RTX opened at $123.67 on Friday. RTX Co. has a twelve month low of $68.56 and a twelve month high of $125.53. The firm has a market cap of $164.42 billion, a PE ratio of 48.50, a price-to-earnings-growth ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The firm’s fifty day moving average is $118.69 and its two-hundred day moving average is $108.07.

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

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.