Ritholtz Wealth Management acquires 1,470 shares of RTX Co. (NYSE:RTX)

Ritholtz Wealth Management increased its holdings in shares of RTX Co. (NYSE:RTX – Free Report) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,242 shares of the company’s stock after purchasing an additional 1,470 shares during the period. Ritholtz Wealth Management’s holdings in RTX were worth $2,233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RTX. Briaud Financial Planning Inc boosted its stake in 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 acquiring an additional 100 shares during the period. Lynx Investment Advisory bought a new position in RTX in the second quarter valued at $26,000. Fairman Group LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $38,000. Beaird Harris Wealth Management LLC raised its stake in shares of RTX by 42.2% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 139 shares in the last quarter. Finally, USA Financial Formulas boosted its stake in RTX by 510.3% in the fourth quarter. USA Financial Formulas now owns 476 shares of the company’s stock worth $40,000 after buying an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s shares.

The Wall Street analyst weighs in

RTX has been the subject of several research reports. Susquehanna lifted their price objective on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st . Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research report on Tuesday, July 30th. Goldman Sachs Group upped their target price on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company dropped their price objective on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research note on Wednesday , July 24. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, RTX currently has an average rating of “Hold” and a consensus price target of $153.47.

See the latest stock report on RTX

RTX Trading Up 0.9%

Shares of RTX opened at $123.34 on Monday. RTX Co. it has a one year low of $68.56 and a one year high of $123.70. The company’s fifty-day moving average is $110.19, and its 200-day moving average is $103.37. The stock has a market cap of $164.07 billion, a PE ratio of 48.37, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99, and a quick ratio of 0.73.

RTX (NYSE:RTX – Get Your Free Report ) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. In the same quarter last year, the firm posted EPS of $1.29. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts predict that RTX Co. will post 5.45 EPS for the current year.

Insider buying and selling at RTX

In other news, EVP Dantaya M. Williams sold 17,570 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.87, for a total value of $2,018,265.90. Following the transaction, the executive vice president now directly owns 38,855 shares in the company, valued at approximately $4,463,273.85. The transaction was disclosed in a filing with the SEC, which is accessible via this link. In other news, EVP Dantaya M. Williams sold 17,570 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.87, for a total transaction of $2,018,265.90. Following the completion of the sale, the executive vice president now owns 38,855 shares of the company’s stock, valued at approximately $4,463,273.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, VP Kevin G. Dasilva sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.96, for a total transaction of $938,763.36. Following the sale, the vice president now owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 178,333 shares of company stock worth $20,861,880. Insiders own 0.13% of the company’s shares.

RTX Company 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.

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