RTX Co. (NYSE:RTX) Shares Bought by Mission Creek Capital Partners Inc.

Mission Creek Capital Partners Inc. grew its holdings in RTX Co. (NYSE:RTX - Free Report) by 40.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,980 shares of the company's stock after purchasing an additional 2,314 shares during the quarter. Mission Creek Capital Partners Inc.'s holdings in RTX were worth $923,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Oxford Asset Management LLP raised its holdings in shares of RTX by 39.1% in the fourth quarter. Oxford Asset Management LLP now owns 7,684 shares of the company's stock worth $889,000 after acquiring an additional 2,161 shares during the last quarter. Bolthouse Investments LLC acquired a new position in RTX in the 4th quarter valued at about $646,000. Johnson Financial Group Inc. lifted its holdings in RTX by 5.5% in the 4th quarter. Johnson Financial Group Inc. now owns 1,879 shares of the company's stock valued at $217,000 after purchasing an additional 98 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of RTX by 0.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 29,143 shares of the company's stock worth $3,372,000 after purchasing an additional 128 shares during the last quarter. Finally, Capital Analysts LLC grew its holdings in shares of RTX by 2.4% during the fourth quarter. Capital Analysts LLC now owns 141,443 shares of the company's stock worth $16,367,000 after buying an additional 3,275 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RTX. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and increased their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Royal Bank of Canada lowered their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday. Wells Fargo & Company increased their target price on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 15th. Finally, StockNews.com upgraded RTX from a "hold" rating to a "buy" rating in a report on Thursday. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $161.38.

Insider Buying and Selling at RTX

In other RTX news, EVP Ramsaran Maharajh sold 19,431 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total value of $2,464,239.42. Following the transaction, the executive vice president now directly owns 29,742 shares of the company's stock, valued at $3,771,880.44. This represents a 39.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now directly owns 5,272 shares of the company's stock, valued at $664,008.40. The trade was a 35.27 % decrease in their position. 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 ninety days. Insiders own 0.15% of the company's stock.

RTX Stock Performance

NYSE:RTX opened at $125.43 on Friday. The firm's fifty day simple moving average is $128.31 and its 200 day simple moving average is $123.74. The firm has a market capitalization of $167.46 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 2.11 and a beta of 0.58. RTX Co. has a twelve month low of $99.07 and a twelve month high of $136.17. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. As a group, equities research analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio (DPR) is 73.90%.

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.

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