1 week Ago By ABMN Staff
Los Angeles Capital Management LLC reduced its position in shares of RTX Co. ( NYSE:RTX – Free Report ) by 40.8% in the second quarter, according to the company in its most recent filing with the SEC.
The institutional investor owned 87,165 shares of the company’s stock after selling 60,148 shares during the quarter. Los Angeles Capital Management LLC’s holdings in RTX were worth $8,750,000 at the end of the most recent quarter. Several other large investors have also bought and sold shares of RTX.
Capital Research Global Investors increased its position in shares of RTX by 23.7% during the fourth quarter. Capital Research Global Investors now owns 90,430,489 shares of the company’s stock valued at $7,608,822,000 after acquiring an additional 17,351,313 shares in the last quarter.
Capital International Investors boosted its holdings in shares of RTX by 20.6% during the 4th quarter. Capital International Investors now owns 65,233,410 shares of the company’s stock valued at $5,488,752,000 after acquiring an additional 11,163,222 shares during the last quarter.
Norges Bank purchased a new stake in RTX in the fourth quarter worth approximately $690,154,000. Massachusetts Financial Services Co. MA raised its stake in RTX by 82.
7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,309,688 shares of the company’s stock valued at $1,288,157,000 after buying an additional 6,932,011 shares during the last quarter.
Finally, Focused Investors Fund L P bought a new position in shares of RTX during the 1st quarter valued at $80,594,000. 86.50% of the stock is owned by hedge funds and other institutional investors.
RTX Price Performance Shares of NYSE:RTX opened at $118.44 on Monday. The firm has a market cap of $157.
55 billion, a price-to-earnings ratio of 46.45, a P/E/G ratio of 2.08 and a beta of 0.
82. The firm has a fifty day moving average price of $112.14 and a 200 day moving average price of $104.
42. RTX Co. has a fifty-two week low of $68.
56 and a fifty-two week high of $123.70. The company has a debt-to-equity ratio of 0.
66, a quick ratio of 0.73 and a current ratio of 0.99.
Insider Buying and Selling at RTX In other news, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.
38. Following the sale, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . In related news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction on 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 in the company, valued at $66,725,966.
02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, CEO Christopher T.
Calio sold 4,235 shares of the 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 transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. 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 the stock is owned by corporate insiders.
Analysts Set New Price Targets A number of research firms recently commented on RTX. Alembic Global Advisors upgraded 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.
Wells Fargo & Company reduced their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th.
Melius Research lifted their price target on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th.
Robert W. Baird upped their price objective on RTX from $105.00 to $115.
00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research report on Friday.
Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, RTX has an average rating of “Hold” and a consensus target price of $153.47.
Check Out Our Latest Research Report on RTX RTX Profile ( Free Report ) 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.
See Also Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Co. ( NYSE:RTX – Free Report ).
Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter ..
