Mosaic Family Wealth Partners LLC Buys 209 Shares of RTX Co. (NYSE:RTX)

Mosaic Family Wealth Partners LLC grew its stake in RTX Co. (NYSE:RTX) by 5.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Motco boosted its holdings in shares of RTX by 7.2% in the 1st quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after buying an additional 99 shares during the last quarter. Gold Investment Management Ltd. grew its holdings in shares of RTX by 3.5% during the 1st quarter. Gold Investment Management Ltd. now owns 3,045 shares of the company’s stock worth $297,000 after purchasing an additional 103 shares in the last quarter. Insight Inv LLC boosted its stake in RTX by 0.6% in the first quarter. Insight Inv LLC now owns 17,299 shares of the company’s stock valued at $1,687,000 after buying an additional 105 shares in the last quarter. Bruce G. Allen Investments LLC boosted its stake in RTX by 7.9% in the first quarter. Bruce G. Allen Investments LLC now owns 1,441 shares of the company’s stock valued at $141,000 after buying an additional 106 shares in the last quarter. Finally, Jacobsen Capital Management boosted its stake in RTX by 3.0% in the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after buying an additional 114 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research analyst reports. Robert W. Baird raised their price objective on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Royal Bank of Canada lifted their price target on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. The Goldman Sachs Group lifted their price target on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. TD Cowen raised their price objective on RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $140.00 in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Hold” and an average target price of $153.47.

RTX Stock Performance

NYSE RTX traded down $0.30 during trading hours on Friday, hitting $116.44. The company had a trading volume of 4,578,404 shares, compared to its average volume of 6,574,825. The company has a market cap of $154.81 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 2.06 and a beta of 0.82. RTX Co. has a 1-year low of $68.56 and a 1-year high of $118.30. The business has a 50 day moving average of $105.54 and a 200-day moving average of $99.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. RTX’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.29 EPS. As a group, equities research analysts expect that RTX Co. will post 5.44 EPS for the current year.

RTX Dividend Announcement

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

Insider Transactions at RTX

In other RTX news, VP Amy L. Johnson sold 6,734 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the transaction, the vice president now owns 12,318 shares in the company, valued at approximately $1,402,773.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $113.88, for a total transaction of $766,867.92. Following the completion of the transaction, the vice president now directly owns 12,318 shares of the company’s stock, valued at approximately $1,402,773.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Gregory Hayes sold 134,887 shares of RTX stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the sale, the chairman now owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The disclosure for this sale can be found here. In the last three months, insiders sold 198,213 shares of company stock valued at $22,963,593. Company insiders own 0.13% of the company’s stock.

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.