LMG Wealth Partners LLC Has $5.88 Million Stock Position in RTX Co. (NYSE:RTX)

LMG Wealth Partners LLC grew its position in RTX Co. (NYSE:RTXFree Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,874 shares of the company’s stock after buying an additional 1,167 shares during the quarter. RTX makes up approximately 1.6% of LMG Wealth Partners LLC’s portfolio, making the stock its 23rd largest position. LMG Wealth Partners LLC’s holdings in RTX were worth $5,879,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in RTX. Strengthening Families & Communities LLC acquired a new stake in shares of RTX during the third quarter worth approximately $28,000. Quarry LP acquired a new stake in RTX in the first quarter valued at approximately $28,000. Planned Solutions Inc. bought a new position in shares of RTX in the fourth quarter valued at approximately $30,000. Financial Gravity Asset Management Inc. raised its position in shares of RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 345 shares during the period. Finally, Valley National Advisers Inc. raised its position in shares of RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after purchasing an additional 127 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group lifted their price target on shares of RTX from $93.00 to $96.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. TD Cowen boosted their target price on shares of RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 19th. Barclays boosted their target price on shares of RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Robert W. Baird reaffirmed a “neutral” rating and set a $94.00 target price (up previously from $88.00) on shares of RTX in a research report on Tuesday, January 16th. Finally, Bank of America upgraded shares of RTX from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $78.00 to $100.00 in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $95.12.

View Our Latest Report on RTX

Insider Buying and Selling

In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the transaction, the chief financial officer now owns 49,894 shares in the company, valued at approximately $4,608,209.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the sale, the chief financial officer now directly owns 49,894 shares of the company’s stock, valued at approximately $4,608,209.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the sale, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock worth $3,448,188 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX traded up $0.79 on Tuesday, hitting $98.55. The stock had a trading volume of 6,758,636 shares, compared to its average volume of 8,122,265. RTX Co. has a twelve month low of $68.56 and a twelve month high of $104.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. The firm’s 50 day moving average price is $91.90 and its 200-day moving average price is $83.93. The company has a market capitalization of $131.04 billion, a price-to-earnings ratio of 43.64, a price-to-earnings-growth ratio of 1.78 and a beta of 0.88.

RTX (NYSE:RTXGet Free Report) last issued its earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The company had revenue of $19.93 billion for the quarter, compared to the consensus estimate of $19.74 billion. RTX had a net margin of 4.64% and a return on equity of 10.34%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 EPS. On average, equities research analysts predict that RTX Co. will post 5.39 earnings per share for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.39%. RTX’s dividend payout ratio (DPR) is 105.36%.

RTX Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Co. (NYSE:RTXFree Report).

Institutional Ownership by Quarter for RTX (NYSE:RTX)

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.