Mesirow Financial Investment Management Inc. Boosts Holdings in RTX Co. (NYSE:RTX)

Mesirow Financial Investment Management Inc. boosted its stake in RTX Co. (NYSE:RTX) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 298,320 shares of the company’s stock after purchasing an additional 831 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in RTX were worth $29,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. Gryphon Financial Partners LLC bought a new position in shares of RTX during the fourth quarter valued at $474,000. Financial Advocates Investment Management raised its stake in shares of RTX by 21.3% in the fourth quarter. Financial Advocates Investment Management now owns 12,709 shares of the company’s stock worth $1,069,000 after buying an additional 2,231 shares during the period. Level Four Advisory Services LLC bought a new stake in shares of RTX during the 4th quarter valued at $2,210,000. Brown Advisory Inc. raised its stake in RTX by 3.2% during the 4th quarter. Brown Advisory Inc. now owns 291,476 shares of the company’s stock valued at $24,525,000 after purchasing an additional 8,931 shares during the period. Finally, TrinityPoint Wealth LLC increased its holdings in RTX by 8.1% in the 4th quarter. TrinityPoint Wealth LLC now owns 37,374 shares of the company’s stock valued at $3,145,000 after acquiring an additional 2,790 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. The Goldman Sachs Group boosted their price target on shares of RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, July 29th. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. TD Cowen boosted their price target on RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada lifted their target price on shares of RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Two research 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $157.31.

Insider Activity at RTX

In other 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 sale, the vice president now owns 45,208 shares of the company’s stock, valued at $5,197,111.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the completion of the sale, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction that occurred 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 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. In the last ninety days, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is owned by insiders.

RTX Stock Down 0.8 %

RTX opened at $119.12 on Monday. The company has a market cap of $158.46 billion, a PE ratio of 46.71, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. RTX Co. has a twelve month low of $68.56 and a twelve month high of $123.70. The company has a 50-day moving average price of $114.11 and a 200 day moving average price of $105.47. 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 (NYSE:RTX) last posted 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. The company had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. RTX’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 EPS. Sell-side analysts expect that RTX Co. will post 5.45 earnings per share for the current fiscal year.

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.