Moors & Cabot Inc. Lowers Stock Position in RTX Co. (NYSE:RTX)

Moors & Cabot Inc. decreased its holdings in shares of RTX Co. (NYSE:RTX) by 4.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,657 shares of the company’s stock after selling 5,858 shares during the period. Moors & Cabot Inc.’s holdings in RTX were worth $11,611,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Capital Research Global Investors increased its holdings in shares of RTX by 4.2% in the 1st quarter. Capital Research Global Investors now owns 94,191,735 shares of the company’s stock worth $9,186,520,000 after purchasing an additional 3,761,246 shares in the last quarter. Capital International Investors increased its stake in shares of RTX by 4.8% in the 1st quarter. Capital International Investors now owns 68,394,575 shares of the company’s stock worth $6,670,523,000 after purchasing an additional 3,161,165 shares in the last quarter. Clearbridge Investments LLC grew its holdings in RTX by 2.0% during the first quarter. Clearbridge Investments LLC now owns 10,938,655 shares of the company’s stock valued at $1,066,847,000 after purchasing an additional 213,331 shares during the period. Sanders Capital LLC raised its stake in shares of RTX by 6.8% in the fourth quarter. Sanders Capital LLC now owns 10,674,438 shares of the company’s stock worth $898,147,000 after buying an additional 677,520 shares during the period. Finally, Norges Bank purchased a new position in shares of RTX during the 4th quarter valued at about $690,154,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Insider Buying and Selling

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

RTX Trading Down 0.0 %

RTX opened at $119.10 on Tuesday. The stock has a 50-day moving average of $114.49 and a 200 day moving average of $105.68. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. RTX Co. has a 12 month low of $68.56 and a 12 month high of $123.70. The firm has a market cap of $158.43 billion, a P/E ratio of 46.71, a P/E/G ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.11. The firm had revenue of $19.72 billion for the quarter, compared to the consensus estimate of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS. As a group, research analysts forecast that RTX Co. will post 5.45 EPS for the current year.

Wall Street Analysts Forecast Growth

RTX has been the topic of several analyst reports. TD Cowen lifted their price target on shares of RTX from $115.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their price objective on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. Wells Fargo & Company dropped their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Robert W. Baird boosted their target price on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, RTX has a consensus rating of “Hold” and an average price target 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.