Sterling Investment Advisors Ltd. Acquires 1,200 Shares of RTX Co. (NYSE:RTX)

Sterling Investment Advisors Ltd. raised its stake in shares of RTX Co. (NYSE:RTX) by 41.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,125 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in RTX were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in RTX. Briaud Financial Planning Inc raised its stake in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Lynx Investment Advisory purchased a new stake in RTX during the 2nd quarter valued at $26,000. Mizuho Securities Co. Ltd. purchased a new stake in RTX during the 2nd quarter valued at $32,000. Fairman Group LLC purchased a new stake in RTX during the 4th quarter valued at $38,000. Finally, Beaird Harris Wealth Management LLC raised its stake in RTX by 42.2% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock valued at $39,000 after buying an additional 139 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Down 1.2 %

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

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

Insider Buying and Selling at RTX

In related news, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.96, for a total value of $938,763.36. Following the completion of the transaction, the vice president now owns 45,208 shares of the company’s stock, valued at approximately $5,197,111.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Dantaya M. Williams sold 17,570 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.87, for a total value of $2,018,265.90. Following the completion of the transaction, the executive vice president now owns 38,855 shares of the company’s stock, valued at approximately $4,463,273.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the sale, the vice president now directly owns 45,208 shares in the company, 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 in the last 90 days. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. 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 note on Tuesday, July 30th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company reduced their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Melius Research upped their price objective on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Finally, The Goldman Sachs Group upped their price objective on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $153.47.

RTX 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.