RTX Corporation $RTX Shares Acquired by Whittier Trust Co.

Whittier Trust Co. grew its holdings in RTX Corporation (NYSE:RTX) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 414,255 shares of the company’s stock after purchasing an additional 25,145 shares during the quarter. RTX makes up approximately 0.7% of Whittier Trust Co.’s portfolio, making the stock its 26th largest holding. Whittier Trust Co.’s holdings in RTX were worth $60,489,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Divergent Planning LLC acquired a new stake in shares of RTX in the second quarter valued at approximately $4,961,000. Syntegra Private Wealth Group LLC acquired a new stake in shares of RTX in the second quarter valued at approximately $206,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of RTX in the second quarter valued at approximately $47,000. Darrow Company Inc. acquired a new stake in shares of RTX in the second quarter valued at approximately $208,000. Finally, Klingman & Associates LLC grew its position in shares of RTX by 26.8% in the second quarter. Klingman & Associates LLC now owns 5,192 shares of the company’s stock valued at $758,000 after purchasing an additional 1,098 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the transaction, the vice president owned 30,004 shares in the company, valued at $4,686,624.80. This trade represents a 22.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of RTX 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 completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock worth $8,947,010 over the last 90 days. Company insiders own 0.15% of the company’s stock.

RTX Stock Up 1.7%

Shares of RTX opened at $160.63 on Tuesday. The firm has a market cap of $215.02 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.66. The company’s fifty day moving average is $159.31 and its two-hundred day moving average is $146.31. RTX Corporation has a fifty-two week low of $112.27 and a fifty-two week high of $170.85. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last announced its quarterly earnings results 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. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $20.68 billion. RTX had a net margin of 7.35% and a return on equity of 12.89%. RTX’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $1.41 EPS. Analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on RTX shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of RTX from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 target price (up previously from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Susquehanna raised their target price on shares of RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $164.13.

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.