Guardian Partners Inc. Purchases New Shares in RTX Co. (NYSE:RTX)

Guardian Partners Inc. purchased a new stake in RTX Co. (NYSE:RTX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 55,245 shares of the company’s stock, valued at approximately $6,404,000.

A number of other institutional investors have also recently added to or reduced their stakes in RTX. Intech Investment Management LLC grew its stake in RTX by 32.7% in the 3rd quarter. Intech Investment Management LLC now owns 50,497 shares of the company’s stock valued at $6,118,000 after acquiring an additional 12,445 shares during the period. Integrated Investment Consultants LLC acquired a new stake in RTX in the 3rd quarter valued at $379,000. Pacer Advisors Inc. lifted its holdings in RTX by 3.9% in the 3rd quarter. Pacer Advisors Inc. now owns 98,965 shares of the company’s stock valued at $11,991,000 after purchasing an additional 3,676 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in RTX by 6.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 63,507 shares of the company’s stock valued at $7,846,000 after purchasing an additional 3,818 shares in the last quarter. Finally, CFS Investment Advisory Services LLC purchased a new position in RTX in the 3rd quarter valued at $849,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $132.35 on Friday. RTX Co. has a 1-year low of $95.27 and a 1-year high of $135.74. The company has a market cap of $176.70 billion, a P/E ratio of 37.28, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock has a 50-day moving average of $127.15 and a two-hundred day moving average of $122.55.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

Insider Transactions at RTX

In related news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the sale, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.60. The trade was a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the sale, the chief executive officer now owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of research reports. Royal Bank of Canada raised their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Morgan Stanley raised their price objective on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $142.00 to $147.00 in a report on Monday, February 24th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.40.

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.