RTX Co. (NYSE:RTX) Shares Acquired by Marco Investment Management LLC

Marco Investment Management LLC boosted its stake in RTX Co. (NYSE:RTX) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,093 shares of the company’s stock after purchasing an additional 991 shares during the period. Marco Investment Management LLC’s holdings in RTX were worth $1,415,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RTX. Biltmore Family Office LLC grew its stake in shares of RTX by 15.3% in the second quarter. Biltmore Family Office LLC now owns 2,803 shares of the company’s stock valued at $281,000 after buying an additional 372 shares in the last quarter. AGF Management Ltd. grew its position in RTX by 32.9% in the second quarter. AGF Management Ltd. now owns 33,332 shares of the company’s stock valued at $3,346,000 after acquiring an additional 8,248 shares in the last quarter. South Street Advisors LLC raised its stake in shares of RTX by 0.4% during the second quarter. South Street Advisors LLC now owns 83,592 shares of the company’s stock valued at $8,392,000 after purchasing an additional 370 shares during the period. Angeles Wealth Management LLC lifted its position in shares of RTX by 11.3% during the second quarter. Angeles Wealth Management LLC now owns 8,563 shares of the company’s stock worth $860,000 after purchasing an additional 868 shares in the last quarter. Finally, Brasada Capital Management LP boosted its stake in shares of RTX by 1.4% in the second quarter. Brasada Capital Management LP now owns 29,235 shares of the company’s stock valued at $2,974,000 after purchasing an additional 417 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction on Monday, July 29th. The stock was 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 directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. The sale was disclosed in a document filed with the SEC, which is available through this link. In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares in the company, valued at $66,725,966.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Amy L. Johnson sold 6,734 shares of RTX 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 sale, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is currently owned by company insiders.

RTX Stock Down 0.7 %

Shares of NYSE:RTX opened at $120.30 on Wednesday. The company’s fifty day moving average is $112.97 and its two-hundred day moving average is $104.85. 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 1-year low of $68.56 and a 1-year high of $123.70. The stock has a market capitalization of $160.03 billion, a price-to-earnings ratio of 47.18, a price-to-earnings-growth ratio of 2.08 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping 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 firm had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. RTX’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that RTX Co. will post 5.45 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RTX shares. JPMorgan Chase & Co. lifted their price target on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. Royal Bank of Canada increased their price target on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Robert W. Baird lifted their price objective on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $153.47.

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.