Mcdonald Partners LLC Has $5.56 Million Position in RTX Co. (NYSE:RTX)

Mcdonald Partners LLC trimmed its position in shares of RTX Co. (NYSE:RTX - Free Report) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,065 shares of the company's stock after selling 5,566 shares during the period. RTX makes up about 1.4% of Mcdonald Partners LLC's holdings, making the stock its 8th biggest holding. Mcdonald Partners LLC's holdings in RTX were worth $5,562,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new stake in RTX during the 3rd quarter worth $29,000. Modus Advisors LLC purchased a new position in shares of RTX in the fourth quarter valued at $39,000. Comprehensive Financial Planning Inc. PA purchased a new position in RTX in the 4th quarter valued at about $40,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the third quarter worth about $41,000. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of RTX by 296.8% in the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company's stock worth $43,000 after acquiring an additional 279 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 14,031 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Morgan Stanley upped their price target on shares of RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. UBS Group increased their price target on shares of RTX from $128.00 to $142.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Bank of America lifted their price target on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and an average price target of $163.07.

RTX Stock Performance

RTX stock traded down $1.88 during midday trading on Friday, reaching $123.23. 4,845,158 shares of the stock traded hands, compared to its average volume of 4,781,505. The firm has a fifty day moving average price of $121.49 and a two-hundred day moving average price of $120.89. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The firm has a market cap of $164.16 billion, a price-to-earnings ratio of 34.71, a PEG ratio of 2.12 and a beta of 0.82. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. On average, equities research analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, February 21st. RTX's dividend payout ratio 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.