Mitchell Mcleod Pugh & Williams Inc. Buys 140 Shares of RTX Co. (NYSE:RTX)

Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in RTX Co. (NYSE:RTX) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,433 shares of the company’s stock after acquiring an additional 140 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in RTX were worth $1,214,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Bear Mountain Capital Inc. purchased a new stake in RTX during the 4th quarter valued at about $25,000. Planned Solutions Inc. bought a new position in RTX during the 4th quarter valued at approximately $30,000. Strengthening Families & Communities LLC bought a new position in RTX during the 3rd quarter valued at approximately $28,000. Financial Gravity Asset Management Inc. raised its position in RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 345 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new position in RTX during the 4th quarter valued at approximately $38,000. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RTX has been the subject of several research reports. Barclays increased their target price on RTX from $75.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Susquehanna increased their target price on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. TD Cowen raised their price target on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Finally, Citigroup boosted their target price on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $96.27.

Insiders Place Their Bets

In other RTX news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the transaction, the insider now owns 6,741 shares of the company’s stock, valued at $614,711.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the transaction, the chief financial officer now directly owns 49,894 shares in the company, valued at approximately $4,608,209.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,785 shares of company stock worth $3,448,188. 0.13% of the stock is owned by company insiders.

RTX Stock Up 0.9 %

Shares of RTX stock traded up $0.90 on Monday, reaching $102.31. 1,028,105 shares of the stock were exchanged, compared to its average volume of 8,094,368. RTX Co. has a twelve month low of $68.56 and a twelve month high of $103.89. The company has a market capitalization of $136.02 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 1.83 and a beta of 0.88. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average price is $95.57 and its 200 day moving average price is $87.71.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 earnings per share. As a group, sell-side analysts expect that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were given a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 annualized dividend and a yield of 2.31%. RTX’s payout ratio is currently 92.55%.

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.