Middleton & Co. Inc. MA Buys 104 Shares of RTX Co. (NYSE:RTX)

Middleton & Co. Inc. MA boosted its stake in shares of RTX Co. (NYSE:RTX) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,112 shares of the company’s stock after buying an additional 104 shares during the quarter. Middleton & Co. Inc. MA’s holdings in RTX were worth $1,402,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. purchased a new stake in RTX during the third quarter valued at about $29,000. Modus Advisors LLC purchased a new stake in RTX during the fourth quarter valued at about $39,000. Comprehensive Financial Planning Inc. PA purchased a new stake in RTX during the fourth quarter valued at about $40,000. Western Pacific Wealth Management LP purchased a new stake in RTX during the third quarter valued at about $41,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in RTX by 296.8% during the fourth quarter. Iron Horse Wealth Management LLC now owns 373 shares of the company’s stock valued at $43,000 after purchasing an additional 279 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on RTX shares. Susquehanna increased their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Morgan Stanley raised their target price on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Bank of America raised their target price on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.40.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the sale, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This represents a 24.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ramsaran Maharajh sold 19,431 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total transaction of $2,464,239.42. Following the completion of the transaction, the executive vice president now owns 29,742 shares in the company, valued at approximately $3,771,880.44. The trade was a 39.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,334 shares of company stock valued at $4,639,194 in the last three months. 0.13% of the stock is currently owned by company insiders.

RTX Stock Up 1.9 %

Shares of RTX stock opened at $133.02 on Friday. The company’s 50 day moving average price is $122.72 and its 200-day moving average price is $121.35. RTX Co. has a 52-week low of $88.95 and a 52-week high of $133.09. The stock has a market capitalization of $177.19 billion, a price-to-earnings ratio of 37.47, a P/E/G ratio of 2.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

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.