RTX Corporation $RTX Shares Purchased by Fiduciary Family Office LLC

Fiduciary Family Office LLC increased its holdings in shares of RTX Corporation (NYSE:RTX) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,280 shares of the company’s stock after acquiring an additional 846 shares during the period. Fiduciary Family Office LLC’s holdings in RTX were worth $1,355,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RTX. Brighton Jones LLC grew its holdings in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC grew its holdings in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after acquiring an additional 159 shares during the period. GAMMA Investing LLC grew its holdings in RTX by 12.8% during the first quarter. GAMMA Investing LLC now owns 31,430 shares of the company’s stock worth $4,163,000 after acquiring an additional 3,561 shares during the period. First Bancorp Inc ME grew its holdings in RTX by 4.9% during the first quarter. First Bancorp Inc ME now owns 6,532 shares of the company’s stock worth $865,000 after acquiring an additional 306 shares during the period. Finally, Ridgecrest Wealth Partners LLC acquired a new stake in RTX in the first quarter valued at $222,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Buying and Selling at RTX

In related news, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the transaction, the insider directly owned 16,442 shares in the company, valued at approximately $2,551,798.40. This represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,635 shares of company stock valued at $8,947,010. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on RTX shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 target price (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Barclays upped their target price on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. upped their target price on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Bank of America upped their target price on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein upped their target price on RTX from $157.00 to $181.00 and gave the company a “market perform” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.13.

RTX Stock Up 1.7%

RTX opened at $160.63 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a market cap of $215.02 billion, a P/E ratio of 35.30, a PEG ratio of 2.93 and a beta of 0.66. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85. The business’s fifty day simple moving average is $159.31 and its 200 day simple moving average is $146.31.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.41 earnings per share. As a group, equities research analysts anticipate that RTX Corporation will post 6.11 EPS 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.