Schneider Downs Wealth Management Advisors LP Sells 123 Shares of RTX Co. (NYSE:RTX)

Schneider Downs Wealth Management Advisors LP lessened its holdings in RTX Co. (NYSE:RTX) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,638 shares of the company’s stock after selling 123 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in RTX were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc boosted its stake in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Lynx Investment Advisory bought a new stake in shares of RTX during 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. Alaska Permanent Fund Corp bought a new position in RTX in the 1st quarter valued at approximately $42,000. Finally, Stephens Consulting LLC boosted its position in RTX by 34.1% in the second quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after buying an additional 114 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Buying and Selling at RTX

In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Gregory Hayes sold 134,887 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the transaction, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the transaction, the vice president now directly owns 45,208 shares of the company’s stock, valued at approximately $5,197,111.68. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock valued at $20,861,880 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

RTX Trading Down 0.7 %

Shares of RTX opened at $120.30 on Wednesday. The firm has a market cap of $160.03 billion, a P/E ratio of 47.18, a price-to-earnings-growth ratio of 2.08 and a beta of 0.82. RTX Co. has a fifty-two week low of $68.56 and a fifty-two week high of $123.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The business has a 50-day moving average of $112.97 and a 200 day moving average of $104.85.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $19.29 billion. During the same period in the prior year, the company posted $1.29 EPS. RTX’s revenue was up 7.7% compared to the same quarter last year. As a group, research analysts forecast that RTX Co. will post 5.45 EPS for the current year.

Analysts Set New Price Targets

RTX has been the subject of several research reports. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and increased their target price for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. Robert W. Baird lifted their target price 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 upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Melius Research lifted their price target on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Finally, Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a report on Tuesday, July 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $153.47.

RTX 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.