RTX Co. (NYSE:RTX) Shares Sold by First Western Trust Bank

First Western Trust Bank lowered its stake in RTX Co. (NYSE:RTX) by 4.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,664 shares of the company’s stock after selling 383 shares during the period. First Western Trust Bank’s holdings in RTX were worth $870,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of RTX. Alpha Omega Wealth Management LLC raised its stake in RTX by 0.6% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after acquiring an additional 89 shares in the last quarter. Motco increased its holdings in shares of RTX by 7.2% during the first quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after purchasing an additional 99 shares during the period. Enterprise Bank & Trust Co raised its stake in shares of RTX by 2.9% during 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 in the last quarter. Werlinich Asset Management LLC raised its stake in shares of RTX by 0.4% during the second quarter. Werlinich Asset Management LLC now owns 26,814 shares of the company’s stock valued at $2,698,000 after purchasing an additional 100 shares in the last quarter. Finally, Founders Capital Management LLC grew 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 buying an additional 100 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Melius Research boosted their price target on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. 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 report on Friday, July 26th. TD Cowen increased their price target on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Susquehanna boosted their price objective on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Finally, StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, RTX has a consensus rating of “Hold” and an average target price of $153.47.

Insider Transactions at RTX

In other RTX news, insider Shane G. Eddy sold 6,741 shares of the company’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 value of $773,597.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Shane G. Eddy sold 6,741 shares of the business’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 SEC, which can be accessed through this link. Also, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.96, for a total value of $938,763.36. Following the sale, the vice president now owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock valued at $20,861,880 over the last three months. 0.13% of the stock is owned by corporate insiders.

RTX Trading Down 1.2 %

RTX stock opened at $119.63 on Friday. The company has a 50 day moving average price of $111.78 and a 200 day moving average price of $104.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 52 week low of $68.56 and a 52 week high of $123.70. The firm has a market capitalization of $159.05 billion, a price-to-earnings ratio of 46.91, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, beating 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 business had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. RTX’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts forecast that RTX Co. will post 5.45 EPS for the current year.

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.