Millstone Evans Group LLC Purchases Shares of 336 RTX Co. (NYSE:RTX)

Millstone Evans Group LLC acquired a new position in shares of RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 336 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds have also modified their holdings of RTX. Washington Trust Bank boosted its position in shares of RTX by 86.0% in the 4th quarter. Washington Trust Bank now owns 3,217 shares of the company’s stock valued at $372,000 after purchasing an additional 1,487 shares during the period. 1620 Investment Advisors Inc. boosted its holdings in shares of RTX by 0.7% in the fourth quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company’s stock worth $1,401,000 after buying an additional 79 shares during the period. Wayfinding Financial LLC purchased a new position in shares of RTX in the fourth quarter worth approximately $234,000. Adams Diversified Equity Fund Inc. raised its holdings in shares of RTX by 13.4% during the fourth quarter. Adams Diversified Equity Fund Inc. now owns 231,200 shares of the company’s stock valued at $26,754,000 after acquiring an additional 27,300 shares during the period. Finally, Lee Danner & Bass Inc. lifted its position in shares of RTX by 0.4% in the 4th quarter. Lee Danner & Bass Inc. now owns 144,094 shares of the company’s stock valued at $16,675,000 after acquiring an additional 521 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on RTX. Argus upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Morgan Stanley upped their price target on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada increased their price objective on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted their target price on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Citigroup raised 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 report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $166.40.

RTX Price Performance

Shares of NYSE:RTX opened at $134.76 on Tuesday. The stock has a market capitalization of $179.92 billion, a P/E ratio of 37.96, a P/E/G ratio of 2.11 and a beta of 0.78. The business has a 50-day moving average of $127.48 and a two-hundred day moving average of $122.66. RTX Co. has a fifty-two week low of $95.27 and a fifty-two week high of $135.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.87%. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insiders Place Their Bets

In related news, insider Troy D. Brunk sold 2,872 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares of the company’s stock, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 in the last quarter. Insiders own 0.15% of the company’s stock.

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.