Moors & Cabot Inc. Lowers Stock Position in RTX Co. (NYSE:RTX)

Moors & Cabot Inc. trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,657 shares of the company’s stock after selling 5,858 shares during the quarter. Moors & Cabot Inc.’s holdings in RTX were worth $11,611,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of RTX. Briaud Financial Planning Inc boosted its position in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new stake in RTX during the second quarter valued at about $26,000. Mizuho Securities Co. Ltd. bought a new stake in RTX during the second quarter valued at about $32,000. Fairfield Financial Advisors LTD purchased a new position in RTX in the second quarter valued at about $41,000. Finally, Alaska Permanent Fund Corp bought a new position in RTX in the first quarter worth about $42,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RTX shares. Robert W. Baird lifted their price objective on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. raised their price objective on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Royal Bank of Canada upped their target price on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Finally, Alembic Global Advisors upgraded 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, RTX has a consensus rating of “Hold” and a consensus target price of $157.31.

RTX Stock Down 0.0 %

NYSE:RTX opened at $119.10 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The company’s fifty day moving average price is $114.49 and its 200-day moving average price is $105.68. RTX Co. has a 1-year low of $68.56 and a 1-year high of $123.70. The firm has a market capitalization of $158.43 billion, a P/E ratio of 46.71, a PEG ratio of 2.11 and a beta of 0.82.

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

Insider Activity at RTX

In other RTX news, insider Shane G. Eddy sold 6,741 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the transaction, the chief executive officer now owns 88,509 shares in the company, valued at $10,090,026. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction dated 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. Over the last ninety days, insiders sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is owned by corporate insiders.

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.