SkyOak Wealth LLC Has $459,000 Stock Position in RTX Co. (NYSE:RTX)

SkyOak Wealth LLC lessened its stake in RTX Co. (NYSE:RTX) by 27.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,570 shares of the company’s stock after selling 1,733 shares during the quarter. SkyOak Wealth LLC’s holdings in RTX were worth $459,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RTX. Briaud Financial Planning Inc increased its holdings in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new stake in RTX in the 2nd quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. acquired a new position in RTX during the 2nd quarter worth approximately $32,000. Fairman Group LLC acquired a new stake in shares of RTX in the fourth quarter valued at approximately $38,000. Finally, Beaird Harris Wealth Management LLC lifted its position in shares of RTX by 42.2% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 468 shares of the company’s stock worth $39,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on RTX. JPMorgan Chase & Co. lifted their price target on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Susquehanna increased their price target on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Wells Fargo & Company lowered their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. TD Cowen increased their price objective on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $140.00 in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $157.31.

Insiders Place Their Bets

In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at $10,090,026. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the transaction, the chairman now owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The disclosure for this sale can be found here. Insiders have sold 178,333 shares of company stock worth $20,861,880 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

RTX Trading Down 0.4 %

RTX stock opened at $118.73 on Wednesday. RTX Co. has a 52 week low of $68.56 and a 52 week high of $123.70. The company has a market capitalization of $157.94 billion, a PE ratio of 46.56, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. The company’s 50-day simple moving average is $114.49 and its 200 day simple moving average is $105.68. 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 posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. As a group, sell-side analysts anticipate that RTX Co. will post 5.45 earnings per share for the current 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.