8,192 Shares in RTX Corporation $RTX Purchased by Millennium Capital Advisors LLC

Millennium Capital Advisors LLC purchased a new position in RTX Corporation (NYSE:RTXFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 8,192 shares of the company’s stock, valued at approximately $1,502,000. RTX comprises approximately 0.9% of Millennium Capital Advisors LLC’s holdings, making the stock its 25th biggest position.

Several other institutional investors also recently modified their holdings of RTX. BNP Paribas bought a new position in shares of RTX in the 3rd quarter worth about $25,000. Navalign LLC bought a new position in shares of RTX in the 4th quarter worth about $25,000. Valley Wealth Managers Inc. bought a new position in shares of RTX in the 3rd quarter worth about $30,000. Wexford Capital LP bought a new stake in RTX during the 3rd quarter valued at about $33,000. Finally, Dogwood Wealth Management LLC increased its stake in RTX by 57.3% during the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $171.11 on Friday. The company has a 50 day moving average price of $191.79 and a 200-day moving average price of $188.74. RTX Corporation has a 52 week low of $130.90 and a 52 week high of $214.50. The firm has a market capitalization of $230.43 billion, a PE ratio of 32.10, a P/E/G ratio of 2.43 and a beta of 0.31. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the business posted $1.47 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities research analysts expect that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be paid a $0.73 dividend. This is a boost from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, May 22nd. RTX’s dividend payout ratio (DPR) is presently 51.03%.

Analyst Ratings Changes

RTX has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Citigroup reduced their price objective on shares of RTX from $238.00 to $226.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. JPMorgan Chase & Co. raised their price objective on shares of RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $210.75.

Read Our Latest Analysis on RTX

RTX News Roundup

Here are the key news stories impacting RTX this week:

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 12,713 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $202.83, for a total value of $2,578,577.79. Following the transaction, the executive vice president owned 16,749 shares of the company’s stock, valued at approximately $3,397,199.67. This trade represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 15,124 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the completion of the transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,698,105.60. The trade was a 53.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 63,592 shares of company stock valued at $13,023,502. 0.10% of the stock is owned by insiders.

About RTX

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

Further Reading

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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