MCF Advisors LLC Purchases 205 Shares of RTX Co. (NYSE:RTX)

MCF Advisors LLC raised its position in RTX Co. (NYSE:RTX) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,966 shares of the company’s stock after acquiring an additional 205 shares during the period. MCF Advisors LLC’s holdings in RTX were worth $1,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Covenant Partners LLC raised its position in shares of RTX by 6.0% in the 3rd quarter. Covenant Partners LLC now owns 2,369 shares of the company’s stock valued at $287,000 after purchasing an additional 134 shares during the last quarter. PFG Investments LLC increased its stake in RTX by 0.6% during the 3rd quarter. PFG Investments LLC now owns 19,993 shares of the company’s stock valued at $2,422,000 after purchasing an additional 127 shares in the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of RTX by 2.0% during the third quarter. Pathway Financial Advisers LLC now owns 26,104 shares of the company’s stock worth $3,163,000 after buying an additional 519 shares during the period. NorthCrest Asset Manangement LLC grew its holdings in shares of RTX by 2.2% during the third quarter. NorthCrest Asset Manangement LLC now owns 212,960 shares of the company’s stock valued at $25,802,000 after buying an additional 4,491 shares during the last quarter. Finally, Sageworth Trust Co raised its stake in RTX by 10.9% in the 3rd quarter. Sageworth Trust Co now owns 2,750 shares of the company’s stock worth $333,000 after acquiring an additional 270 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

Shares of NYSE:RTX traded down $0.01 during midday trading on Friday, reaching $125.16. 4,716,205 shares of the company’s stock traded hands, compared to its average volume of 6,752,277. The company has a fifty day simple moving average of $121.74 and a two-hundred day simple moving average of $111.28. RTX Co. has a 1 year low of $77.76 and a 1 year high of $128.70. The company has a market cap of $166.40 billion, a P/E ratio of 49.08, a PEG ratio of 2.21 and a beta of 0.82. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the firm posted $1.25 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that RTX Co. will post 5.5 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.01%. RTX’s payout ratio is currently 98.82%.

Insider Activity

In related news, Chairman Gregory Hayes sold 134,887 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at approximately $66,725,966.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other RTX news, Chairman Gregory Hayes sold 134,887 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at $66,725,966.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the sale, the chief executive officer now owns 88,509 shares of the company’s stock, valued at $10,090,026. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 145,856 shares of company stock worth $17,131,253 over the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

RTX has been the topic of several research analyst reports. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target on the stock in a research note on Tuesday, July 30th. Citigroup upped their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. UBS Group raised their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and boosted their target price for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $168.56.

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.