2 weeks Ago By Defense World Staff
NewEdge Advisors LLC boosted its holdings in shares of RTX Co. ( NYSE:RTX – Free Report ) by 0.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission.
The fund owned 126,267 shares of the company’s stock after buying an additional 375 shares during the quarter. NewEdge Advisors LLC’s holdings in RTX were worth $12,676,000 at the end of the most recent reporting period. A number of other institutional investors also recently bought and sold shares of RTX.
Gryphon Financial Partners LLC purchased a new position in RTX during the 4th quarter worth approximately $474,000. Eagle Asset Management Inc. grew its stake in shares of RTX by 3.
5% during the 4th quarter. Eagle Asset Management Inc. now owns 56,401 shares of the company’s stock worth $4,746,000 after purchasing an additional 1,909 shares during the period.
Steward Partners Investment Solutions LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $387,000. KBC Group NV grew its stake in shares of RTX by 7.5% during the 4th quarter.
KBC Group NV now owns 98,099 shares of the company’s stock worth $8,254,000 after purchasing an additional 6,851 shares during the period. Finally, Poehling Capital Management INC. grew its stake in shares of RTX by 2.
4% during the 4th quarter. Poehling Capital Management INC. now owns 36,799 shares of the company’s stock worth $3,096,000 after purchasing an additional 867 shares during the period.
86.50% of the stock is owned by hedge funds and other institutional investors. RTX Stock Up 0.
1 % Shares of RTX opened at $120.39 on Monday. The firm has a market cap of $160.
06 billion, a P/E ratio of 47.21, a price-to-earnings-growth ratio of 2.11 and a beta of 0.
82. RTX Co. has a 12-month low of $68.
56 and a 12-month high of $123.70. The company’s 50-day moving average price is $117.
57 and its 200 day moving average price is $107.53. The company has a current ratio of 0.
99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66.
Analyst Ratings Changes A number of brokerages have recently commented on RTX. Susquehanna raised their price objective on shares of RTX from $119.00 to $140.
00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Bank of America raised shares of 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 note on Wednesday, July 31st. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research note on Tuesday, July 30th.
Melius Research lifted their price target on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th.
Finally, Wells Fargo & Company dropped their price target 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 24th.
Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $157.
31. Read Our Latest Report on RTX Insiders Place Their Bets In other RTX news, VP Amy L. Johnson sold 6,734 shares of the business’s stock in a transaction dated Monday, July 29th.
The shares were sold at an average price of $113.88, for a total transaction of $766,867.92.
Following the sale, the vice president now directly owns 12,318 shares in the company, valued at $1,402,773.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
In related 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 value of $15,881,595.
38. Following the completion of the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at $66,725,966.02.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction that occurred on Monday, July 29th.
The shares were sold at an average price of $113.88, for a total value of $766,867.92.
Following the completion of the transaction, the vice president now directly owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The disclosure for this sale can be found here .
Insiders have sold 178,333 shares of company stock worth $20,861,880 over the last three months. Company insiders own 0.13% of the company’s stock.
RTX Company 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.
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