RTX Co. (NYSE:RTX) Shares Acquired by Chicago Capital LLC

Chicago Capital LLC increased its position in RTX Co. (NYSE:RTX – Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,921 shares of the company’s stock after purchasing an additional 355 shares during the quarter. Chicago Capital LLC’s holdings in RTX were worth $1,598,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Alpha Omega Wealth Management LLC raised its position in shares of RTX by 0.6% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock worth $1,518,000 after acquiring an additional 89 shares. of shares in the last quarter. Motco raised its stake in RTX by 7.2% in the first quarter. Motco now owns 1,475 shares of the company’s stock worth $144,000 after purchasing an additional 99 shares in the last quarter. Enterprise Bank & Trust Co boosted its stake in RTX by 2.9% in the second quarter. Enterprise Bank & Trust Co now owns 3,550 shares of the company’s stock valued at $356,000 after purchasing an additional 100 shares during the last quarter. Werlinich Asset Management LLC boosted its holdings in RTX by 0.4% in the second quarter. Werlinich Asset Management LLC now owns 26,814 shares of the company’s stock worth $2,698,000 after purchasing an additional 100 shares during the last quarter. Finally, Founders Capital Management LLC raised its position in shares of RTX by 1.2% during the 2nd quarter. Founders Capital Management LLC now owns 8,369 shares of the company’s stock worth $840,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s shares.

RTX Trading Down 1.0%

NYSE RTX opened at $118.44 on Friday. 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 stock has a market cap of $157.55 billion, a P/E ratio of 46.45, a P/E/G ratio of 2.13 and a beta of 0.82. RTX Co. it has a 52-week low of $68.56 and a 52-week high of $123.70. The firm has a 50-day moving average price of $112.14 and a 200-day moving average price of $104.32.

RTX (NYSE:RTX – Get Your Free Report ) last posted its 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 return on equity of 11.37% and a net margin of 3.12%. The company had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same period in the previous year, the business posted EPS of $1.29. The company’s revenue for the quarter was up 7.7% year over year. Equities research analysts expect that RTX Co. to post 5.45 EPS for the current year.

Analysts set new price targets

A number of research analysts recently commented on RTX shares. Robert W. Baird boosted their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective on the stock in a report on Tuesday, July 30th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a report on Friday. Royal Bank of Canada boosted their target price on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Bank of America raised RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $110.00 to $140.00 in a report on Wednesday, July 31. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $153.47, according to MarketBeat.com.

Get the latest analysis on RTX

Insiders place their bets

In other news, EVP Dantaya M. Williams sold 17,570 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.87, for a total value of $2,018,265.90. Following the completion of the transaction, the executive vice president now owns 38,855 shares in the company, valued at approximately $4,463,273.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. In other RTX news, insider Shane G. Eddy sold 6,741 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website. Also, EVP Dantaya M. Williams sold 17,570 shares of the company’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 in the company, valued at $4,463,273.85. 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. Corporate 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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