Mission Wealth Management LP Purchases 1,353 Shares of RTX Co. (NYSE:RTX)

Mission Wealth Management LP boosted its holdings in shares of RTX Co. (NYSE:RTX) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,784 shares of the company’s stock after acquiring an additional 1,353 shares during the period. Mission Wealth Management LP’s holdings in RTX were worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Chicago Partners Investment Group LLC lifted its holdings in RTX by 3.4% during the third quarter. Chicago Partners Investment Group LLC now owns 9,314 shares of the company’s stock worth $1,185,000 after buying an additional 304 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of RTX by 36.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 365,221 shares of the company’s stock worth $44,250,000 after acquiring an additional 97,749 shares in the last quarter. Forum Financial Management LP lifted its stake in shares of RTX by 0.8% during the 3rd quarter. Forum Financial Management LP now owns 13,424 shares of the company’s stock worth $1,626,000 after purchasing an additional 104 shares during the last quarter. KG&L Capital Management LLC boosted its position in RTX by 4.2% during the third quarter. KG&L Capital Management LLC now owns 4,350 shares of the company’s stock valued at $527,000 after purchasing an additional 175 shares in the last quarter. Finally, Kanawha Capital Management LLC grew its stake in RTX by 0.7% in the third quarter. Kanawha Capital Management LLC now owns 167,781 shares of the company’s stock valued at $20,328,000 after purchasing an additional 1,163 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $133.68 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $123.06 and its 200 day moving average is $121.52. RTX Co. has a twelve month low of $89.14 and a twelve month high of $135.36. The company has a market cap of $178.08 billion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, sell-side analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RTX shares. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Bank of America lifted their price target on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Vertical Research upgraded RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Morgan Stanley raised their price objective on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Susquehanna upped their target price on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.40.

Insider Buying and Selling

In other news, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the sale, the chief financial officer now owns 59,556 shares in the company, valued at approximately $7,763,124.60. This trade represents a 21.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,831 shares of company stock valued at $10,309,302. Corporate insiders own 0.13% of the company’s stock.

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.