RTX Co. (NYSE:RTX) Shares Purchased by Sprucegrove Investment Management Ltd.

Sprucegrove Investment Management Ltd. increased its holdings in shares of RTX Co. (NYSE:RTX) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 218,023 shares of the company’s stock after acquiring an additional 3,100 shares during the quarter. RTX comprises 1.1% of Sprucegrove Investment Management Ltd.’s investment portfolio, making the stock its 17th biggest position. Sprucegrove Investment Management Ltd.’s holdings in RTX were worth $21,887,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RTX. Capital Research Global Investors raised its stake in RTX by 23.7% during the fourth quarter. Capital Research Global Investors now owns 90,430,489 shares of the company’s stock worth $7,608,822,000 after purchasing an additional 17,351,313 shares during the period. Capital International Investors raised its stake in RTX by 20.6% during the fourth quarter. Capital International Investors now owns 65,233,410 shares of the company’s stock worth $5,488,752,000 after purchasing an additional 11,163,222 shares during the period. Focused Investors Fund L P purchased a new position in RTX during the first quarter worth about $80,594,000. Hsbc Holdings PLC raised its stake in RTX by 47.9% during the second quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock worth $246,300,000 after purchasing an additional 792,830 shares during the period. Finally, Sanders Capital LLC raised its stake in RTX by 6.8% during the fourth quarter. Sanders Capital LLC now owns 10,674,438 shares of the company’s stock worth $898,147,000 after purchasing an additional 677,520 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. Robert W. Baird boosted their price target on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Bank of America raised shares of RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. Wells Fargo & Company cut their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Finally, StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $157.31.

RTX Trading Up 0.7 %

Shares of RTX stock opened at $118.84 on Friday. The company has a fifty day simple moving average of $115.19 and a 200-day simple moving average of $105.97. RTX Co. has a 12-month low of $68.56 and a 12-month high of $123.70. 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 $158.09 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 2.10 and a beta of 0.82.

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

Insider Buying and Selling

In related news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the sale, the vice president now owns 12,318 shares in the company, valued at approximately $1,402,773.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other RTX news, VP Kevin G. Dasilva sold 8,166 shares of the company’s stock in a transaction on Friday, July 26th. The shares were 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 owns 45,208 shares in the company, valued at approximately $5,197,111.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the transaction, the vice president now owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.84. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock worth $20,861,880 in the last 90 days. Company insiders own 0.13% of the company’s stock.

RTX Company 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.