Clarkston Capital Partners LLC Invests $216,000 in RTX Co. (NYSE:RTX)

Clarkston Capital Partners LLC acquired a new position in RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,868 shares of the company’s stock, valued at approximately $216,000.

A number of other institutional investors also recently bought and sold shares of RTX. Titleist Asset Management LLC raised its stake in shares of RTX by 37.0% in the fourth quarter. Titleist Asset Management LLC now owns 2,687 shares of the company’s stock worth $311,000 after buying an additional 726 shares during the period. Peapack Gladstone Financial Corp raised its stake in RTX by 1.0% during the 4th quarter. Peapack Gladstone Financial Corp now owns 299,823 shares of the company’s stock worth $34,694,000 after acquiring an additional 3,053 shares during the period. Darden Wealth Group Inc lifted its holdings in RTX by 5.0% during the fourth quarter. Darden Wealth Group Inc now owns 10,407 shares of the company’s stock valued at $1,204,000 after purchasing an additional 491 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of RTX by 9.7% in the fourth quarter. Quadrant Capital Group LLC now owns 17,254 shares of the company’s stock worth $1,997,000 after purchasing an additional 1,527 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of RTX by 1.0% in the fourth quarter. Russell Investments Group Ltd. now owns 841,811 shares of the company’s stock worth $97,411,000 after purchasing an additional 8,492 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley upped their price objective on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Wells Fargo & Company lifted their target price on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating in a research note on Monday, March 24th. Finally, Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.40.

RTX Trading Down 9.8 %

RTX opened at $117.43 on Friday. RTX Co. has a 12 month low of $99.07 and a 12 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. The stock has a 50-day moving average of $129.05 and a 200 day moving average of $123.38. The firm has a market cap of $156.78 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, research analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

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. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.15%. RTX’s dividend payout ratio is presently 70.99%.

Insider Activity at RTX

In other news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction 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 completion of the sale, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the completion of the transaction, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,831 shares of company stock worth $10,309,302. Insiders own 0.15% of the company’s stock.

RTX 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.