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

Traveka Wealth LLC increased its stake in RTX Co. (NYSE:RTX) by 7.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,703 shares of the company’s stock after acquiring an additional 193 shares during the quarter. Traveka Wealth LLC’s holdings in RTX were worth $328,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of RTX. Capital Research Global Investors raised its position in RTX by 4.2% during the first quarter. Capital Research Global Investors now owns 94,191,735 shares of the company’s stock valued at $9,186,520,000 after buying an additional 3,761,246 shares during the period. Capital International Investors raised its position in RTX by 4.8% during the first quarter. Capital International Investors now owns 68,394,575 shares of the company’s stock valued at $6,670,523,000 after buying an additional 3,161,165 shares during the period. Clearbridge Investments LLC raised its position in RTX by 2.0% during the first quarter. Clearbridge Investments LLC now owns 10,938,655 shares of the company’s stock valued at $1,066,847,000 after buying an additional 213,331 shares during the period. Legal & General Group Plc grew its stake in RTX by 4.4% in the second quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock valued at $861,122,000 after purchasing an additional 362,340 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in RTX by 5.2% in the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock valued at $831,740,000 after purchasing an additional 408,551 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Christopher T. Calio sold 4,235 shares of the firm’s 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 transaction, the chief executive officer now owns 88,509 shares in the company, valued at $10,090,026. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $482,790.00. Following the completion of the transaction, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $113.88, for a total value of $766,867.92. Following the transaction, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock worth $20,861,880 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Susquehanna boosted their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday, July 26th. Wells Fargo & Company decreased their price target 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. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Finally, Robert W. Baird upped their price target on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $161.13.

RTX Trading Down 1.2 %

RTX stock traded down $1.53 during mid-day trading on Tuesday, hitting $123.52. 835,322 shares of the company’s stock were exchanged, compared to its average volume of 6,919,680. The firm has a market capitalization of $164.22 billion, a P/E ratio of 49.04, a PEG ratio of 2.18 and a beta of 0.82. RTX Co. has a fifty-two week low of $71.82 and a fifty-two week high of $125.94. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The company’s 50 day simple moving average is $119.32 and its 200-day simple moving average is $108.80.

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. On average, equities analysts anticipate that RTX Co. will post 5.45 earnings per share 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.