Coldstream Capital Management Inc. Has $2.76 Million Stake in RTX Co. (NYSE:RTX)

Coldstream Capital Management Inc. increased its stake in shares of RTX Co. (NYSE:RTX) by 3.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 27,484 shares of the company’s stock after buying an additional 862 shares during the quarter. Coldstream Capital Management Inc.’s holdings in RTX were worth $2,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gryphon Financial Partners LLC purchased a new position in RTX in the fourth quarter valued at about $474,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in RTX by 5.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,449,104 shares of the company’s stock worth $124,058,000 after buying an additional 81,100 shares during the last quarter. Guardian Capital LP raised its position in RTX by 11.0% during the fourth quarter. Guardian Capital LP now owns 16,083 shares of the company’s stock valued at $1,353,000 after acquiring an additional 1,600 shares in the last quarter. Guardian Capital Advisors LP lifted its stake in RTX by 6.3% in the fourth quarter. Guardian Capital Advisors LP now owns 37,260 shares of the company’s stock valued at $3,198,000 after acquiring an additional 2,215 shares during the last quarter. Finally, Inceptionr LLC bought a new stake in RTX in the fourth quarter worth approximately $354,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on RTX. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $140.00 in a research note on Wednesday, July 31st. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. TD Cowen raised their price objective on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upped their target price on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, Wells Fargo & Company dropped their price target on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $153.47.

RTX Trading Down 0.7 %

RTX stock opened at $120.30 on Wednesday. The business has a 50 day moving average price of $112.97 and a two-hundred day moving average price of $104.85. The company has a quick ratio of 0.73, a current ratio of 0.99 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 stock has a market cap of $160.03 billion, a price-to-earnings ratio of 47.18, a price-to-earnings-growth ratio of 2.08 and a beta of 0.82.

RTX (NYSE:RTX) last issued its 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 return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. RTX’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. As a group, equities analysts forecast that RTX Co. will post 5.45 EPS for the current year.

Insider Activity

In related news, EVP Dantaya M. Williams sold 17,570 shares of the stock in a transaction dated 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 of the company’s stock, valued at $4,463,273.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Dantaya M. Williams sold 17,570 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 38,855 shares of the company’s stock, valued at approximately $4,463,273.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christopher T. Calio sold 4,235 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,333 shares of company stock worth $20,861,880. Corporate insiders own 0.13% of the company’s stock.

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.