Clark Financial Services Group Inc. BD Makes New Investment in RTX Corporation $RTX

Clark Financial Services Group Inc. BD purchased a new position in RTX Corporation (NYSE:RTXFree Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 39,257 shares of the company’s stock, valued at approximately $6,569,000. RTX comprises 3.5% of Clark Financial Services Group Inc. BD’s holdings, making the stock its 7th largest position.

A number of other institutional investors also recently bought and sold shares of the company. CFS Investment Advisory Services LLC increased its position in shares of RTX by 3.0% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 8,443 shares of the company’s stock valued at $1,508,000 after purchasing an additional 248 shares during the last quarter. Purkiss Capital Advisors LLC grew its position in RTX by 3.0% during the third quarter. Purkiss Capital Advisors LLC now owns 9,540 shares of the company’s stock valued at $1,596,000 after buying an additional 280 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in RTX by 2.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 202,518 shares of the company’s stock valued at $33,981,000 after buying an additional 3,897 shares during the last quarter. James Investment Research Inc. increased its holdings in RTX by 7.9% during the third quarter. James Investment Research Inc. now owns 6,029 shares of the company’s stock valued at $1,009,000 after buying an additional 443 shares during the last quarter. Finally, Sage Rhino Capital LLC bought a new position in RTX in the third quarter worth approximately $214,000. Institutional investors own 86.50% of the company’s stock.

RTX News Roundup

Here are the key news stories impacting RTX this week:

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RTX shares. Bank of America boosted their price objective on shares of RTX from $175.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. boosted their price target on RTX from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Morgan Stanley set a $215.00 price target on RTX and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Robert W. Baird set a $203.00 price objective on RTX in a research report on Wednesday, October 22nd. Finally, UBS Group lowered shares of RTX from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $202.00 to $199.00 in a report on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $186.88.

Get Our Latest Analysis on RTX

RTX Stock Down 0.7%

NYSE RTX opened at $194.52 on Tuesday. RTX Corporation has a 12 month low of $112.27 and a 12 month high of $203.03. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.58. The stock has a market cap of $260.80 billion, a PE ratio of 39.94, a P/E/G ratio of 2.87 and a beta of 0.44. The stock’s 50 day moving average is $182.82 and its 200 day moving average is $169.26.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were given a dividend of $0.68 per share. The ex-dividend date was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.4%. RTX’s dividend payout ratio is currently 55.85%.

RTX Company Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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