CapWealth Advisors LLC Sells 4,208 Shares of RTX Co. (NYSE:RTX)

CapWealth Advisors LLC cut its holdings in RTX Co. (NYSE:RTX) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 278,029 shares of the company’s stock after selling 4,208 shares during the period. RTX comprises approximately 3.5% of CapWealth Advisors LLC’s holdings, making the stock its 5th biggest position. CapWealth Advisors LLC’s holdings in RTX were worth $27,911,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RTX. Briaud Financial Planning Inc increased its position in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the period. Lynx Investment Advisory acquired a new stake in shares of RTX in the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. bought a new stake in RTX in the 2nd quarter valued at about $32,000. Alaska Permanent Fund Corp acquired a new position in RTX during the 1st quarter valued at about $42,000. Finally, Stephens Consulting LLC grew its position in RTX by 34.1% in the 2nd quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock worth $45,000 after purchasing an additional 114 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Gregory Hayes sold 134,887 shares of the business’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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was 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 of the company’s stock, valued at $66,725,966.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shane G. Eddy sold 6,741 shares of the company’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 disclosure for this sale can be found here. In the last quarter, insiders have sold 178,333 shares of company stock worth $20,861,880. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RTX shares. Bank of America raised RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Royal Bank of Canada boosted their price target on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Melius Research increased their price target on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. TD Cowen lifted their price objective 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, The Goldman Sachs Group increased their target price on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $153.47.

RTX Trading Down 1.2 %

RTX stock opened at $119.63 on Friday. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70. The firm’s 50 day moving average price is $111.78 and its two-hundred day moving average price is $104.03. The firm has a market cap of $159.05 billion, a price-to-earnings ratio of 46.91, a price-to-earnings-growth ratio of 2.17 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.

RTX (NYSE:RTX) last issued its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. During the same period in the previous year, the firm posted $1.29 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, research analysts predict that RTX Co. will post 5.45 EPS for the current fiscal year.

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.