Koss Olinger Consulting LLC Makes New Investment in RTX Co. (NYSE:RTX)

Koss Olinger Consulting LLC purchased a new position in RTX Co. (NYSE:RTX) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,811 shares of the company’s stock, valued at approximately $2,591,000.

Several other large investors also recently made changes to their positions in RTX. Gryphon Financial Partners LLC acquired a new stake in shares of RTX in the fourth quarter worth $474,000. Principal Securities Inc. acquired a new position in RTX during the 4th quarter worth $1,685,000. Johnson Investment Counsel Inc. boosted its holdings in RTX by 5.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 32,486 shares of the company’s stock valued at $2,733,000 after acquiring an additional 1,574 shares during the period. JFS Wealth Advisors LLC grew its position in shares of RTX by 8.8% in the fourth quarter. JFS Wealth Advisors LLC now owns 4,126 shares of the company’s stock valued at $347,000 after purchasing an additional 332 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of RTX by 2.9% in the fourth quarter. QRG Capital Management Inc. now owns 122,464 shares of the company’s stock worth $10,304,000 after purchasing an additional 3,426 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 1.0 %

Shares of RTX opened at $118.44 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The stock has a market cap of $157.55 billion, a PE ratio of 46.45, a PEG ratio of 2.13 and a beta of 0.82. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70. The stock has a 50 day simple moving average of $112.14 and a 200-day simple moving average of $104.32.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $19.72 billion for the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 earnings per share. On average, sell-side analysts predict that RTX Co. will post 5.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research analyst reports. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a report on Tuesday, July 30th. TD Cowen raised their price objective on shares of RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Melius Research boosted their target price on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $153.47.

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 17,570 shares of RTX stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.87, for a total value of $2,018,265.90. Following the completion of the transaction, the executive vice president now owns 38,855 shares in the company, valued at $4,463,273.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Dantaya M. Williams sold 17,570 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.87, for a total value of $2,018,265.90. Following the completion of the sale, the executive vice president now directly owns 38,855 shares in the company, valued at $4,463,273.85. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shane G. Eddy sold 6,741 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $114.76, for a total transaction of $773,597.16. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock worth $20,861,880 in the last quarter. 0.13% of the stock is owned by corporate insiders.

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.