RTX Co. (NYSE:RTX) Shares Purchased by Charter Oak Capital Management LLC

Charter Oak Capital Management LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 3.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,013 shares of the company’s stock after buying an additional 239 shares during the quarter. Charter Oak Capital Management LLC’s holdings in RTX were worth $804,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RTX. Motco increased its stake in shares of RTX by 7.2% in the first quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after buying an additional 99 shares in the last quarter. Enterprise Bank & Trust Co increased its holdings in shares of RTX by 2.9% in the second quarter. Enterprise Bank & Trust Co now owns 3,550 shares of the company’s stock worth $356,000 after acquiring an additional 100 shares in the last quarter. Werlinich Asset Management LLC raised its holdings in RTX by 0.4% during the 2nd quarter. Werlinich Asset Management LLC now owns 26,814 shares of the company’s stock worth $2,698,000 after buying an additional 100 shares during the period. Founders Capital Management LLC lifted its position in RTX by 1.2% in the 2nd quarter. Founders Capital Management LLC now owns 8,369 shares of the company’s stock valued at $840,000 after acquiring an additional 100 shares in the last quarter. Finally, Gold Investment Management Ltd. lifted its holdings in shares of RTX by 3.5% in the first quarter. Gold Investment Management Ltd. now owns 3,045 shares of the company’s stock valued at $297,000 after purchasing an additional 103 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other RTX news, insider Shane G. Eddy sold 6,741 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,166 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.96, for a total value of $938,763.36. Following the transaction, the vice president now owns 45,208 shares of the company’s stock, valued at approximately $5,197,111.68. The disclosure for this sale can be found here. Insiders have sold a total of 178,333 shares of company stock valued at $20,861,880 over the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. The Goldman Sachs Group boosted their target price on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada increased their price target on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Susquehanna raised their target price on shares of RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, Bank of America raised RTX from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $140.00 in a report on Wednesday, July 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Hold” and an average target price of $153.47.

RTX Trading Up 0.4 %

Shares of NYSE:RTX traded up $0.50 during trading on Friday, reaching $118.52. 3,405,480 shares of the company traded hands, compared to its average volume of 7,215,377. The firm has a market capitalization of $157.57 billion, a price-to-earnings ratio of 46.30, a P/E/G ratio of 2.08 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average is $108.30 and its 200-day moving average is $101.99. RTX Co. has a 52-week low of $68.56 and a 52-week high of $118.99.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.30 by $0.11. The firm had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $1.29 EPS. As a group, analysts forecast that RTX Co. will post 5.44 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a yield of 2.13%. RTX’s dividend payout ratio is 98.82%.

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.