RTX Co. (NYSE:RTX) Stock Holdings Increased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC boosted its position in RTX Co. (NYSE:RTX) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,088 shares of the company’s stock after buying an additional 4,525 shares during the quarter. RTX makes up about 0.8% of Bryn Mawr Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Bryn Mawr Capital Management LLC’s holdings in RTX were worth $15,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alpha Omega Wealth Management LLC lifted its stake in RTX by 0.6% during the second 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 during the period. Motco lifted its stake in RTX by 7.2% during the first quarter. Motco now owns 1,475 shares of the company’s stock worth $144,000 after purchasing an additional 99 shares during the period. Enterprise Bank & Trust Co lifted its stake in RTX by 2.9% during the second quarter. Enterprise Bank & Trust Co now owns 3,550 shares of the company’s stock worth $356,000 after purchasing an additional 100 shares during the period. Werlinich Asset Management LLC lifted its stake in RTX by 0.4% during the second 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 during the period. Finally, Founders Capital Management LLC lifted its stake in RTX by 1.2% during the second quarter. Founders Capital Management LLC now owns 8,369 shares of the company’s stock worth $840,000 after purchasing an additional 100 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Trading Up 0.9 %

RTX traded up $1.05 during trading on Friday, reaching $123.34. 6,371,993 shares of the company’s stock were exchanged, compared to its average volume of 7,146,997. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $123.70. The firm has a market capitalization of $163.98 billion, a PE ratio of 48.38, a P/E/G ratio of 2.09 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The company’s fifty day moving average price is $110.19 and its 200-day moving average price is $103.20.

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

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Friday, August 16th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, August 16th. RTX’s dividend payout ratio (DPR) is 98.82%.

Insider Activity

In other news, insider Shane G. Eddy sold 6,741 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Shane G. Eddy sold 6,741 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Amy L. Johnson sold 6,734 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the sale, the vice president now directly owns 12,318 shares in the company, valued at $1,402,773.84. 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 quarter. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on RTX shares. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target for the company in a research note on Tuesday, July 30th. Susquehanna lifted their target price on shares of RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. TD Cowen lifted their target price on shares of RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Melius Research lifted their target price on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. Two 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, the company currently has a consensus rating of “Hold” and a consensus price target of $153.47.

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.