Full Sail Capital LLC Purchases 487 Shares of RTX Co. (NYSE:RTX)

Full Sail Capital LLC raised its position in RTX Co. (NYSE:RTX) by 6.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,635 shares of the company’s stock after buying an additional 487 shares during the quarter. Full Sail Capital LLC’s holdings in RTX were worth $766,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ascent Group LLC purchased a new position in shares of RTX in the second quarter valued at $251,000. Susquehanna International Securities Ltd. purchased a new position in shares of RTX in the second quarter valued at $602,000. Kathmere Capital Management LLC grew its position in shares of RTX by 31.4% in the second quarter. Kathmere Capital Management LLC now owns 4,304 shares of the company’s stock valued at $432,000 after purchasing an additional 1,028 shares in the last quarter. Brick & Kyle Associates purchased a new position in shares of RTX in the second quarter valued at $6,143,000. Finally, Oliver Lagore Vanvalin Investment Group grew its position in shares of RTX by 5.1% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 2,074 shares of the company’s stock valued at $208,000 after purchasing an additional 100 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 0.1 %

RTX opened at $120.39 on Friday. The business has a 50 day simple moving average of $117.57 and a two-hundred day simple moving average of $107.41. The firm has a market capitalization of $160.06 billion, a price-to-earnings ratio of 47.21, a PEG ratio of 2.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a one year low of $68.56 and a one year high of $123.70.

RTX (NYSE:RTX) last released 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 return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. During the same quarter in the prior year, the company posted $1.29 EPS. RTX’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts predict that RTX Co. will post 5.45 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RTX shares. Susquehanna lifted their price target on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research report on Friday, July 26th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a report on Tuesday, July 30th. TD Cowen upped their price objective on RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company cut their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $157.31.

Insider Transactions at RTX

In other news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the sale, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,333 shares of company stock valued at $20,861,880. Corporate insiders own 0.13% of the company’s stock.

RTX Company 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.