Brown Miller Wealth Management LLC Has $2.39 Million Stake in RTX Co. (NYSE:RTX)

Brown Miller Wealth Management LLC lifted its stake in shares of RTX Co. (NYSE:RTX) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,538 shares of the company’s stock after buying an additional 568 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in RTX were worth $2,393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Bruce G. Allen Investments LLC lifted its holdings in shares of RTX by 7.9% during the first quarter. Bruce G. Allen Investments LLC now owns 1,441 shares of the company’s stock valued at $141,000 after purchasing an additional 106 shares in the last quarter. Jacobsen Capital Management lifted its holdings in shares of RTX by 3.0% during the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after purchasing an additional 114 shares in the last quarter. Diligent Investors LLC lifted its holdings in shares of RTX by 1.4% during the fourth quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock valued at $739,000 after purchasing an additional 118 shares in the last quarter. Hummer Financial Advisory Services Inc lifted its holdings in shares of RTX by 1.7% during the first quarter. Hummer Financial Advisory Services Inc now owns 7,334 shares of the company’s stock valued at $715,000 after purchasing an additional 120 shares in the last quarter. Finally, Lcnb Corp lifted its holdings in shares of RTX by 1.8% during the fourth quarter. Lcnb Corp now owns 7,065 shares of the company’s stock valued at $594,000 after purchasing an additional 122 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group increased their target price on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Bank of America lifted their target price on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Barclays lifted their price objective on RTX from $90.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 30th. TD Cowen lifted their price objective on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 19th. Finally, Citigroup lifted their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $98.33.

RTX Trading Down 0.2 %

RTX traded down $0.23 during trading hours on Friday, reaching $100.39. 13,853,219 shares of the company’s stock traded hands, compared to its average volume of 6,408,701. The firm has a 50-day moving average price of $104.42 and a 200 day moving average price of $95.57. RTX Co. has a 52-week low of $68.56 and a 52-week high of $108.65. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $133.47 billion, a PE ratio of 39.37, a PEG ratio of 1.76 and a beta of 0.83.

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

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s dividend payout ratio is 98.82%.

Insiders Place Their Bets

In other RTX news, CEO Gregory Hayes sold 89,762 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the sale, the chief executive officer now directly owns 636,759 shares in the company, valued at approximately $64,592,832.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the transaction, the director now directly owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gregory Hayes sold 89,762 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the transaction, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,937 shares of company stock worth $12,256,952. 0.13% of the stock is currently owned by company insiders.

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.