RTX Co. (NYSE:RTX) Stock Holdings Lessened by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lowered its stake in RTX Co. (NYSE:RTX) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,333 shares of the company’s stock after selling 1,954 shares during the period. Johnson Investment Counsel Inc.’s holdings in RTX were worth $3,145,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of RTX. Alpha Omega Wealth Management LLC grew its position in RTX by 0.6% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock worth $1,518,000 after purchasing an additional 89 shares in the last quarter. Motco grew its position in RTX by 7.2% during the 1st quarter. Motco now owns 1,475 shares of the company’s stock worth $144,000 after purchasing an additional 99 shares in the last quarter. Enterprise Bank & Trust Co grew its position in RTX by 2.9% during the 2nd quarter. Enterprise Bank & Trust Co now owns 3,550 shares of the company’s stock worth $356,000 after purchasing an additional 100 shares in the last quarter. Werlinich Asset Management LLC grew its position 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 purchasing an additional 100 shares in the last quarter. Finally, Founders Capital Management LLC grew its position in RTX by 1.2% during the 2nd quarter. Founders Capital Management LLC now owns 8,369 shares of the company’s stock worth $840,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.7 %

Shares of NYSE:RTX opened at $120.10 on Friday. The stock has a market capitalization of $159.76 billion, a PE ratio of 47.10, a P/E/G ratio of 2.10 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 firm has a fifty day moving average price of $113.73 and a 200 day moving average price of $105.06. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66.

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

Insider Buying and Selling at RTX

In other RTX news, insider Shane G. Eddy sold 6,741 shares of the company’s stock in a transaction dated 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 the SEC website. In related news, Chairman Gregory Hayes sold 134,887 shares of the stock in a transaction dated 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 completion of the sale, the chairman now owns 566,723 shares in the company, valued at $66,725,966.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock worth $20,861,880 over the last ninety days. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. TD Cowen boosted their price target on shares of RTX from $115.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 26th. Susquehanna boosted their price target on shares of RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, RTX presently has an average rating of “Hold” and an average price target of $157.31.

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.