Mosaic Family Wealth Partners LLC Raises Stake in RTX Co. (NYSE:RTX)

Mosaic Family Wealth Partners LLC raised its position in RTX Co. (NYSE:RTX) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,992 shares of the company’s stock after acquiring an additional 209 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in RTX were worth $389,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. RFG Advisory LLC increased its stake in RTX by 96.1% in the 1st quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after buying an additional 19,779 shares during the period. TCW Group Inc. acquired a new stake in RTX in the fourth quarter valued at approximately $1,912,000. Robinson Smith Wealth Advisors LLC acquired a new stake in RTX in the fourth quarter valued at approximately $672,000. Mather Group LLC. boosted its stake in shares of RTX by 8.5% during the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock valued at $1,153,000 after buying an additional 1,079 shares during the last quarter. Finally, AllGen Financial Advisors Inc. lifted its stake in RTX by 12.8% during the fourth quarter. AllGen Financial Advisors Inc. now owns 32,325 shares of the company’s stock worth $2,720,000 after purchasing an additional 3,657 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.3 %

Shares of RTX stock traded down $0.30 on Friday, hitting $116.44. 4,578,404 shares of the company’s stock traded hands, compared to its average volume of 6,574,825. RTX Co. has a one year low of $68.56 and a one year high of $118.30. 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 company has a fifty day moving average of $105.54 and a two-hundred day moving average of $99.37. The company has a market capitalization of $154.81 billion, a price-to-earnings ratio of 45.66, a price-to-earnings-growth ratio of 2.06 and a beta of 0.82.

RTX (NYSE:RTX) last issued 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 firm had revenue of $19.72 billion during 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 earnings per share. As a group, sell-side analysts expect that RTX Co. will post 5.44 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 annualized dividend and a dividend yield of 2.16%. RTX’s payout ratio is presently 98.82%.

Insider Buying and Selling at RTX

In related news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman now directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the completion of the sale, the chairman now directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the transaction, the chief executive officer now directly owns 88,509 shares of the company’s stock, valued at approximately $10,090,026. The disclosure for this sale can be found here. In the last three months, insiders have sold 198,213 shares of company stock valued at $22,963,593. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RTX shares. Bank of America raised RTX from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $140.00 in a report on Wednesday. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Saturday. TD Cowen upped their price target on RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Wells Fargo & Company lowered their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, Barclays increased their target price on RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $153.47.

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.