Midland Wealth Advisors LLC Sells 1,021 Shares of RTX Co. (NYSE:RTX)

Midland Wealth Advisors LLC reduced its position in shares of RTX Co. (NYSE:RTX) by 7.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,157 shares of the company’s stock after selling 1,021 shares during the period. Midland Wealth Advisors LLC’s holdings in RTX were worth $1,407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX in the 3rd quarter worth approximately $29,000. Modus Advisors LLC bought a new position in RTX in the 4th quarter valued at $39,000. Comprehensive Financial Planning Inc. PA acquired a new position in RTX in the fourth quarter worth $40,000. Iron Horse Wealth Management LLC grew its holdings in shares of RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock worth $43,000 after purchasing an additional 279 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. raised its holdings in shares of RTX by 43.3% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 414 shares of the company’s stock valued at $48,000 after buying an additional 125 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares in the company, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock valued at $10,309,302 over the last 90 days. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research analyst reports. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. UBS Group raised shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $142.00 to $147.00 in a research note on Monday, February 24th. Wells Fargo & Company boosted their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.40.

RTX Stock Up 0.3 %

RTX stock opened at $128.63 on Monday. The firm has a market capitalization of $171.35 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 2.11 and a beta of 0.78. The company’s 50 day simple moving average is $124.02 and its 200 day simple moving average is $121.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a fifty-two week low of $89.44 and a fifty-two week high of $135.36.

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 analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, sell-side analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm 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 $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.96%. RTX’s dividend payout ratio (DPR) is currently 70.99%.

RTX Company 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.