RTX Corporation $RTX Shares Bought by Fiduciary Family Office LLC

Fiduciary Family Office LLC raised its position in RTX Corporation (NYSE:RTX) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,280 shares of the company’s stock after acquiring an additional 846 shares during the quarter. Fiduciary Family Office LLC’s holdings in RTX were worth $1,355,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company’s stock worth $15,873,541,000 after buying an additional 1,357,328 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of RTX by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,351,568 shares of the company’s stock worth $1,371,171,000 after buying an additional 104,139 shares in the last quarter. Invesco Ltd. grew its position in shares of RTX by 1.5% during the first quarter. Invesco Ltd. now owns 10,312,313 shares of the company’s stock worth $1,365,969,000 after buying an additional 154,544 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of RTX by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,713,131 shares of the company’s stock worth $1,021,623,000 after buying an additional 65,493 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of RTX during the first quarter worth about $916,739,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 1,462 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $152.26, for a total transaction of $222,604.12. Following the completion of the sale, the executive vice president owned 13,184 shares in the company, valued at $2,007,395.84. This represents a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction that occurred on 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. Over the last three months, insiders have sold 56,635 shares of company stock valued at $8,947,010. Corporate insiders own 0.15% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $160.63 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $170.85. The stock has a 50 day moving average of $159.31 and a two-hundred day moving average of $146.31. The stock has a market cap 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.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. During the same quarter in the previous year, the business earned $1.41 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on RTX from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $170.00 price target (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Morgan Stanley upped their price target on RTX from $165.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Bank of America upped their price target on RTX from $150.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Citigroup upped their price target on RTX from $148.00 to $182.00 and gave the company a “buy” rating in a report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.13.

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.