RTX Co. (NYSE:RTX) Position Trimmed by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lowered its stake in RTX Co. (NYSE:RTX) by 94.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,969 shares of the company’s stock after selling 69,162 shares during the period. Mount Yale Investment Advisors LLC’s holdings in RTX were worth $398,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. RFG Advisory LLC lifted its holdings in shares of RTX by 96.1% during the first 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 acquired a new position in shares of RTX in the fourth quarter worth about $672,000. Gryphon Financial Partners LLC purchased a new position in shares of RTX in the fourth quarter worth approximately $474,000. Edge Capital Group LLC lifted its position in shares of RTX by 37.7% in the 4th quarter. Edge Capital Group LLC now owns 188,929 shares of the company’s stock valued at $15,896,000 after acquiring an additional 51,735 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its position in RTX by 7.0% during the 4th quarter. Rafferty Asset Management LLC now owns 360,036 shares of the company’s stock worth $30,293,000 after purchasing an additional 23,662 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity

In related news, Chairman Gregory Hayes sold 134,887 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total transaction of $15,881,595.38. Following the transaction, the chairman now owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the sale, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $15,881,595.38. Following the sale, the chairman now directly owns 566,723 shares in the company, valued at approximately $66,725,966.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is owned by company insiders.

RTX Stock Performance

NYSE:RTX opened at $120.05 on Wednesday. The firm has a market capitalization of $159.70 billion, a PE ratio of 47.08, a PEG ratio of 2.12 and a beta of 0.82. RTX Co. has a 1 year low of $68.56 and a 1 year high of $123.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $116.57 and its 200 day simple moving average is $106.90.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price on the stock in a report on Tuesday, July 30th. Robert W. Baird increased their target price on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Wells Fargo & Company lowered their price target on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Bank of America raised RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. Finally, Susquehanna raised their price target on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, RTX presently has a consensus rating of “Hold” and an average price target of $157.31.

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.