Clarius Group LLC Buys 216 Shares of RTX Co. (NYSE:RTX)

Clarius Group LLC lifted its stake in RTX Co. (NYSE:RTXFree Report) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 9,071 shares of the company’s stock after purchasing an additional 216 shares during the period. Clarius Group LLC’s holdings in RTX were worth $763,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. Strengthening Families & Communities LLC bought a new position in RTX during the 3rd quarter worth about $28,000. Quarry LP bought a new position in RTX during the 1st quarter worth about $28,000. Planned Solutions Inc. bought a new position in RTX during the 4th quarter worth about $30,000. Financial Gravity Asset Management Inc. grew its holdings in RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares in the last quarter. Finally, Valley National Advisers Inc. grew its holdings in RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after acquiring an additional 127 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $120.00 price target on shares of RTX in a report on Monday, April 1st. Royal Bank of Canada raised their price target on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Barclays raised their price target on shares of RTX from $75.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. TD Cowen raised their price target on shares of RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, March 19th. Finally, Robert W. Baird increased their price objective on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, RTX presently has a consensus rating of “Hold” and an average price target of $94.44.

View Our Latest Report on RTX

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 35,456 shares of RTX stock in a transaction on Wednesday, February 14th. The stock was 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 in the company, valued at approximately $614,711.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Ramsaran Maharajh sold 312 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.17, for a total value of $28,757.04. Following the sale, the executive vice president now directly owns 11,676 shares in the company, valued at approximately $1,076,176.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shane G. Eddy sold 35,456 shares of the business’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 completion of the sale, the insider now owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. Insiders have sold a total of 37,785 shares of company stock worth $3,448,188 in the last quarter. Company insiders own 0.13% of the company’s stock.

RTX Trading Down 0.7 %

Shares of RTX opened at $100.11 on Friday. RTX Co. has a 52-week low of $68.56 and a 52-week high of $104.91. The company has a quick ratio of 0.78, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The firm’s fifty day moving average is $93.63 and its two-hundred day moving average is $85.45. The stock has a market cap of $133.11 billion, a PE ratio of 44.69, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The business had revenue of $19.93 billion for the quarter, compared to analyst estimates of $19.74 billion. During the same quarter in the previous year, the firm earned $1.27 EPS. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Research analysts forecast that RTX Co. will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.36%. RTX’s dividend payout ratio is presently 105.36%.

RTX Profile

(Free Report)

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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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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