RTX Co. (NYSE:RTX) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 26.8% in the second quarter, Holdings Channel reports. The institutional investor owned 56,648 shares of the company’s stock after selling 20,691 shares during the period. Axxcess Wealth Management LLC’s holdings in RTX were worth $5,687,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RTX. Clearstead Trust LLC boosted its holdings in RTX by 13.7% in the second quarter. Clearstead Trust LLC now owns 4,050 shares of the company’s stock valued at $407,000 after purchasing an additional 488 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of RTX during the second quarter worth about $5,623,000. Edgestream Partners L.P. boosted its position in shares of RTX by 140.5% in the 2nd quarter. Edgestream Partners L.P. now owns 8,022 shares of the company’s stock valued at $805,000 after purchasing an additional 4,686 shares during the period. One Capital Management LLC increased its position in RTX by 115.7% during the second quarter. One Capital Management LLC now owns 6,768 shares of the company’s stock worth $679,000 after buying an additional 3,631 shares during the period. Finally, Mesirow Financial Investment Management Inc. lifted its stake in RTX by 0.3% in the second quarter. Mesirow Financial Investment Management Inc. now owns 298,320 shares of the company’s stock valued at $29,954,000 after buying an additional 831 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In related news, insider Shane G. Eddy sold 6,741 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Amy L. Johnson sold 6,734 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the sale, the vice president now owns 12,318 shares in the company, valued at $1,402,773.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,333 shares of company stock valued at $20,861,880. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Down 0.0 %

RTX opened at $119.10 on Tuesday. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70. The firm has a 50 day moving average price of $114.49 and a 200 day moving average price of $105.68. The company has a market cap of $158.43 billion, a PE ratio of 46.71, a price-to-earnings-growth ratio of 2.11 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 quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The company had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter last year, the company earned $1.29 earnings per share. RTX’s revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts expect that RTX Co. will post 5.45 earnings per share for the current year.

Analyst Ratings Changes

RTX has been the subject of several recent research reports. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Robert W. Baird increased their price objective on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Royal Bank of Canada upped their target price on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Finally, Susquehanna boosted their price target on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. 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 an average target price of $157.31.

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.