Capital Investment Counsel Inc Buys 2,159 Shares of RTX Co. (NYSE:RTX)

Capital Investment Counsel Inc increased its position in RTX Co. (NYSE:RTX) by 7.7% in the second quarter, HoldingsChannel reports. The firm owned 30,181 shares of the company’s stock after purchasing an additional 2,159 shares during the quarter. Capital Investment Counsel Inc’s holdings in RTX were worth $3,030,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of RTX. Motco increased its position in RTX by 7.2% in the 1st quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after buying an additional 99 shares in the last quarter. Enterprise Bank & Trust Co grew its stake in shares of 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 acquiring an additional 100 shares during the period. Werlinich Asset Management LLC lifted its stake in shares of RTX by 0.4% during the 2nd quarter. Werlinich Asset Management LLC now owns 26,814 shares of the company’s stock valued at $2,698,000 after buying an additional 100 shares in the last quarter. Founders Capital Management LLC increased its position in shares of RTX by 1.2% during the second 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 during the period. Finally, Gold Investment Management Ltd. boosted its stake in RTX by 3.5% during the first quarter. Gold Investment Management Ltd. now owns 3,045 shares of the company’s stock valued at $297,000 after buying an additional 103 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In related news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction on Monday, July 29th. The stock was sold at an average price of $113.88, for a total value of $766,867.92. Following the completion of the sale, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 value of $766,867.92. Following the completion of the sale, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,166 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the sale, the vice president now owns 45,208 shares in the company, valued at approximately $5,197,111.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RTX. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a research note on Tuesday, July 30th. UBS Group upped their target price on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Robert W. Baird lifted their price target on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Barclays upped their price objective on RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Finally, Melius Research lifted their price target on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, RTX has a consensus rating of “Hold” and a consensus price target of $153.47.

RTX Stock Down 0.3 %

Shares of RTX traded down $0.40 during trading hours on Tuesday, hitting $117.95. The company had a trading volume of 5,710,162 shares, compared to its average volume of 7,286,884. The stock has a market capitalization of $156.90 billion, a price-to-earnings ratio of 46.26, a P/E/G ratio of 2.08 and a beta of 0.82. The firm has a fifty day moving average price of $107.83 and a 200-day moving average price of $101.77. RTX Co. has a 52-week low of $68.56 and a 52-week high of $118.99. 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 (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 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 firm had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts forecast that RTX Co. will post 5.44 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 2.14%. RTX’s dividend payout ratio (DPR) is presently 98.82%.

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.