RTX Corporation (NYSE:RTX) Shares Bought by Midwest Professional Planners LTD.

Midwest Professional Planners LTD. boosted its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 29.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,631 shares of the company's stock after purchasing an additional 4,715 shares during the period. Midwest Professional Planners LTD.'s holdings in RTX were worth $2,733,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in RTX. Kornitzer Capital Management Inc. KS increased its stake in RTX by 0.4% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 126,623 shares of the company's stock valued at $16,772,000 after buying an additional 480 shares during the period. Larson Financial Group LLC increased its stake in RTX by 2.7% in the 1st quarter. Larson Financial Group LLC now owns 13,718 shares of the company's stock valued at $1,817,000 after buying an additional 361 shares during the period. Sage Mountain Advisors LLC increased its stake in RTX by 13.6% in the 1st quarter. Sage Mountain Advisors LLC now owns 8,757 shares of the company's stock valued at $1,160,000 after buying an additional 1,047 shares during the period. Wealthfront Advisers LLC increased its stake in RTX by 19.1% in the 1st quarter. Wealthfront Advisers LLC now owns 124,646 shares of the company's stock valued at $16,511,000 after buying an additional 20,005 shares during the period. Finally, Mosaic Family Wealth Partners LLC increased its stake in RTX by 4.5% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 2,764 shares of the company's stock valued at $366,000 after buying an additional 119 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Price Performance

Shares of RTX stock opened at $149.47 on Tuesday. RTX Corporation has a 12-month low of $101.52 and a 12-month high of $150.22. The firm has a market capitalization of $199.68 billion, a price-to-earnings ratio of 43.83, a price-to-earnings-growth ratio of 2.73 and a beta of 0.64. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average of $139.16 and a 200-day moving average of $130.49.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The business had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. On average, equities research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.82%. RTX's payout ratio is 79.77%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RTX shares. Wells Fargo & Company increased their price target on shares of RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 15th. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Citigroup increased their price target on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research note on Monday. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Finally, Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $162.61.

Insider Transactions at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president directly owned 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the transaction, the executive vice president owned 16,538 shares in the company, valued at approximately $2,275,959.56. This trade represents a 50.57% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

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.

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