RTX Co. (NYSE:RTX) Shares Sold by Founders Financial Alliance LLC

Founders Financial Alliance LLC cut its stake in RTX Co. (NYSE:RTX) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,119 shares of the company’s stock after selling 238 shares during the period. Founders Financial Alliance LLC’s holdings in RTX were worth $1,016,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of RTX. Briaud Financial Planning Inc raised its position in RTX by 64.1% during the 2nd 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 purchased a new position in shares of RTX during the 2nd quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. purchased a new position in shares of RTX during the 2nd quarter valued at approximately $32,000. Fairfield Financial Advisors LTD purchased a new position in shares of RTX during the 2nd quarter valued at approximately $41,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of RTX during the 1st quarter valued at approximately $42,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other news, VP Amy L. Johnson sold 6,734 shares of the firm’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 transaction of $766,867.92. Following the transaction, 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 SEC, which is accessible through this hyperlink. In other news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the transaction, the vice president now owns 12,318 shares in the company, valued at $1,402,773.84. 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 stock.

RTX Stock Up 0.6 %

Shares of RTX opened at $121.14 on Tuesday. The stock has a market capitalization of $161.15 billion, a PE ratio of 47.51, a P/E/G ratio of 2.12 and a beta of 0.82. RTX Co. has a 1 year low of $68.56 and a 1 year 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. The company’s 50-day simple moving average is $117.91 and its 200-day simple moving average is $107.74.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The company had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.29 earnings per share. Analysts forecast that RTX Co. will post 5.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RTX. The Goldman Sachs Group upped their price objective on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, Melius Research upped their price objective on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $157.31.

RTX Company Profile

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.