1,413 Shares in RTX Corporation $RTX Bought by Syntegra Private Wealth Group LLC

Syntegra Private Wealth Group LLC acquired a new stake in RTX Corporation (NYSE:RTX) in the second quarter, Holdings Channel reports. The institutional investor acquired 1,413 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bay Capital Advisors LLC bought a new stake in RTX in the first quarter valued at approximately $224,000. Brookwood Investment Group LLC acquired a new position in shares of RTX in the 1st quarter valued at $1,288,000. LBP AM SA increased its position in shares of RTX by 17.7% in the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after buying an additional 41,990 shares in the last quarter. Arizona State Retirement System raised its stake in RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after buying an additional 5,356 shares during the period. Finally, Redwood Financial Network Corp acquired a new stake in RTX during the 1st quarter worth $243,000. Institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

In other news, insider Troy D. Brunk sold 7,654 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $155.20, for a total value of $1,187,900.80. Following the completion of the sale, the insider directly owned 16,442 shares of the company’s stock, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares in the company, valued at $2,007,395.84. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 in the last 90 days. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RTX shares. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. UBS Group increased their target price on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price target (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Morgan Stanley raised their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 23rd. Finally, Barclays upped their target price on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.13.

RTX Stock Up 1.7%

NYSE:RTX opened at $160.63 on Tuesday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $170.85. The firm has a market capitalization of $215.02 billion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The stock’s 50 day moving average price is $159.31 and its two-hundred day moving average price is $146.31.

RTX (NYSE:RTX) last released its earnings results on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a net margin of 7.35% and a return on equity of 12.89%. The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same period last year, the business earned $1.41 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

About RTX

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.