Mill Creek Capital Advisors LLC Acquires 403 Shares of RTX Co. (NYSE:RTX)

Mill Creek Capital Advisors LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,537 shares of the company’s stock after buying an additional 403 shares during the period. Mill Creek Capital Advisors LLC’s holdings in RTX were worth $409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Gilman Hill Asset Management LLC purchased a new stake in RTX in the third quarter worth about $202,000. Smith Chas P & Associates PA Cpas lifted its stake in shares of RTX by 4.1% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 6,777 shares of the company’s stock valued at $821,000 after purchasing an additional 267 shares during the period. Svenska Handelsbanken AB publ purchased a new stake in RTX in the third quarter worth $2,020,000. Paladin Wealth LLC bought a new position in RTX in the third quarter worth $174,000. Finally, Procyon Advisors LLC lifted its position in RTX by 1.4% during the third quarter. Procyon Advisors LLC now owns 33,970 shares of the company’s stock valued at $4,115,000 after buying an additional 463 shares during the period. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction dated Wednesday, February 5th. The stock was 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 directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RTX. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Royal Bank of Canada raised their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average price target of $163.07.

RTX Trading Up 0.1 %

Shares of RTX stock opened at $128.11 on Tuesday. The stock has a market capitalization of $170.65 billion, a P/E ratio of 36.09, a P/E/G ratio of 2.17 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. The firm’s 50 day moving average is $120.18 and its 200 day moving average is $120.38. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.97%. RTX’s dividend payout ratio (DPR) is 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.