Ausdal Financial Partners Inc. increases stake in RTX Co. (NYSE:RTX)

Ausdal Financial Partners Inc. increased its stake in RTX Co. (NYSE:RTX – Free Report) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,740 shares of the company’s stock after purchasing an additional 195 shares during the period. The holdings of Ausdal Financial Partners Inc. holdings in RTX were worth $877,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RTX. Briaud Financial Planning Inc grew its position in shares of RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Lynx Investment Advisory bought a new stake in shares of RTX in the second quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. bought a new stake in shares of RTX in the second quarter valued at about $32,000. Fairman Group LLC bought a new stake in shares of RTX in the 4th quarter valued at about $38,000. Finally, Beaird Harris Wealth Management LLC raised its position in shares of RTX by 42.2% in the 4th quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock worth $39,000 after buying an additional 139 shares in the last quarter. 86.50% of the shares are held by hedge funds and other institutional investors.

Analysts set new price targets

RTX has been the subject of several recent analyst reports. Susquehanna raised their price objective on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. Wells Fargo & Company dropped their target price on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st . Goldman Sachs Group raised their target price on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, Melius Research raised their target price on RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $153.47, based on data from MarketBeat.com.

Get the latest stock analysis on RTX

RTX stock down 1.0%

Shares of RTX opened at $118.44 on Monday. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70. The company has a fifty day moving average price of $112.14 and a 200 day moving average price of $104.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99, and a quick ratio of 0.73. The stock has a market cap of $157.55 billion, a P/E ratio of 46.45, a P/E/G ratio of 2.08 and a beta of 0.82.

RTX (NYSE:RTX – Get Your Free Report ) last posted its quarterly earnings results 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 firm had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. In the same quarter last year, the company earned $1.29 per share. The company’s revenue increased by 7.7% year-on-year. Equities analysts estimate that RTX Co. will post 5.45 earnings per share for the current fiscal year.

Insider trading at RTX

In other news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now owns 566,723 shares in the company, valued at $66,725,966.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 88,509 shares in the company, valued at $10,090,026. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Also, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. 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. 0.13% of shares are currently owned by insiders.

RTX profile

(Free report)

RTX Corporation, an aerospace and defense company, provides systems and services to 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 provides 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 aerospace operations.

Further reading

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