Darrow Company Inc. Makes New $208,000 Investment in RTX Corporation $RTX

Darrow Company Inc. purchased a new stake in RTX Corporation (NYSE:RTX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,424 shares of the company’s stock, valued at approximately $208,000.

Several other large investors have also modified their holdings of the stock. Bay Capital Advisors LLC purchased a new stake in RTX during the first quarter valued at about $224,000. Brookwood Investment Group LLC acquired a new stake in shares of RTX during the first quarter valued at approximately $1,288,000. LBP AM SA lifted 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 acquiring an additional 41,990 shares in the last quarter. Arizona State Retirement System boosted its stake in RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after purchasing an additional 5,356 shares during the period. Finally, Redwood Financial Network Corp purchased a new position in RTX during the 1st quarter worth approximately $243,000. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other RTX news, EVP Ramsaran Maharajh sold 1,462 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total transaction of $222,604.12. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total value of $4,149,426.72. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $8,947,010 in the last three months. 0.15% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $195.00 target price on shares of RTX in a research report on Wednesday, October 8th. Citigroup raised their price objective on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. upped their target price on RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Barclays increased their price target on shares of RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research report on Monday, July 21st. Two research 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 company’s stock. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average price target of $164.13.

RTX Trading Up 1.7%

NYSE:RTX opened at $160.63 on Tuesday. The company has a market capitalization of $215.02 billion, a P/E ratio of 35.30, a P/E/G ratio of 2.93 and a beta of 0.66. The stock’s 50 day moving average price is $159.31 and its 200 day moving average price is $146.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 1.01. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $170.85.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.45 by $0.11. The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.41 earnings per share. On average, research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

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.