RTX Co. (NYSE:RTX) Shares Sold by Mcdonald Partners LLC

Mcdonald Partners LLC decreased its position in RTX Co. (NYSE:RTX) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,065 shares of the company’s stock after selling 5,566 shares during the quarter. RTX comprises approximately 1.4% of Mcdonald Partners LLC’s investment portfolio, making the stock its 8th biggest position. Mcdonald Partners LLC’s holdings in RTX were worth $5,562,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new stake in RTX in the 3rd quarter worth about $29,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the third quarter valued at approximately $41,000. Modus Advisors LLC bought a new stake in shares of RTX in the fourth quarter valued at approximately $39,000. Comprehensive Financial Planning Inc. PA acquired a new stake in RTX during the fourth quarter worth approximately $40,000. Finally, Iron Horse Wealth Management LLC increased its stake in RTX by 296.8% during the 4th quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after acquiring an additional 279 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the completion of the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $122.68 on Tuesday. The business’s 50-day moving average price is $120.92 and its 200-day moving average price is $120.72. The firm has a market capitalization of $163.42 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.17 and a beta of 0.82. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 EPS 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%. Equities research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 2.05%. RTX’s payout ratio is 70.99%.

Analysts Set New Price Targets

RTX has been the topic of several analyst reports. Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Susquehanna boosted their target price on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, UBS Group lifted their price objective on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.07.

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.