Mackenzie Financial Corp Has $67.31 Million Holdings in RTX Co. (NYSE:RTX)

Mackenzie Financial Corp lessened its holdings in RTX Co. (NYSE:RTX) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 670,458 shares of the company’s stock after selling 53,368 shares during the period. Mackenzie Financial Corp owned about 0.05% of RTX worth $67,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RTX. RFG Advisory LLC lifted its stake in RTX by 96.1% in the 1st quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after purchasing an additional 19,779 shares during the last quarter. Robinson Smith Wealth Advisors LLC bought a new stake in RTX during the 4th quarter worth $672,000. Gryphon Financial Partners LLC bought a new stake in RTX during the 4th quarter worth $474,000. Edge Capital Group LLC increased its holdings in RTX by 37.7% in the 4th quarter. Edge Capital Group LLC now owns 188,929 shares of the company’s stock worth $15,896,000 after purchasing an additional 51,735 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its stake in shares of RTX by 7.0% during the fourth quarter. Rafferty Asset Management LLC now owns 360,036 shares of the company’s stock valued at $30,293,000 after purchasing an additional 23,662 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RTX shares. Melius Research upped their price objective on RTX from $490.00 to $493.00 in a research note on Wednesday, July 24th. TD Cowen upped their target price on RTX from $115.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 26th. The Goldman Sachs Group raised their price target on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Alembic Global Advisors raised shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada increased their price target on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Hold” and a consensus price target of $157.31.

RTX Price Performance

Shares of NYSE:RTX opened at $120.38 on Friday. RTX Co. has a twelve month low of $68.56 and a twelve month high of $123.70. The firm has a market capitalization of $160.05 billion, a price-to-earnings ratio of 47.21, a PEG ratio of 2.11 and a beta of 0.82. The stock’s 50 day moving average is $117.57 and its 200-day moving average is $107.29. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.30 by $0.11. The firm had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 earnings per share. Sell-side analysts forecast that RTX Co. will post 5.45 EPS for the current fiscal year.

Insider Buying and Selling at RTX

In other news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the transaction, the chairman now owns 566,723 shares in the company, valued at approximately $66,725,966.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Amy L. Johnson sold 6,734 shares of the business’s 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 owns 12,318 shares in the company, valued at $1,402,773.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,333 shares of company stock worth $20,861,880. Insiders own 0.13% of the company’s stock.

RTX 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.