Plancorp LLC Sells 226 Shares of RTX Co. (NYSE:RTX)

Plancorp LLC trimmed its position in RTX Co. (NYSE:RTX) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,352 shares of the company’s stock after selling 226 shares during the period. Plancorp LLC’s holdings in RTX were worth $437,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Briaud Financial Planning Inc lifted its position in shares of RTX by 64.1% during the 2nd 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 purchased a new position in shares of RTX during the 2nd quarter valued at $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the 2nd quarter worth $32,000. Fairman Group LLC purchased a new stake in RTX in the 4th quarter worth $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 valued at $39,000 after acquiring an additional 139 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction dated 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 sale, the chairman now owns 566,723 shares in the company, valued at approximately $66,725,966.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Chairman Gregory Hayes sold 134,887 shares of the business’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 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Kevin G. Dasilva sold 8,166 shares of the firm’s stock in a transaction 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 completion of the sale, 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 a total of 178,333 shares of company stock valued at $20,861,880 over the last three months. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

RTX has been the subject of a number of research analyst reports. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a research note on Tuesday, July 30th. Melius Research boosted their price target on shares of RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. TD Cowen raised their price objective on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Robert W. Baird lifted their target price on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $157.31.

RTX Price Performance

RTX stock opened at $118.73 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.99 and a quick ratio of 0.73. The stock has a market cap of $157.94 billion, a price-to-earnings ratio of 46.56, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. The firm has a 50-day moving average of $114.49 and a two-hundred day moving average of $105.68. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70.

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

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.