Albar Capital Partners LLP Takes Position in RTX Co. (NYSE:RTX)

Albar Capital Partners LLP acquired a new stake in RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 168,220 shares of the company's stock, valued at approximately $19,466,000. RTX accounts for 4.7% of Albar Capital Partners LLP's holdings, making the stock its 9th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc bought a new position in RTX in the third quarter valued at approximately $321,000. World Investment Advisors LLC increased its holdings in shares of RTX by 37.1% during the third quarter. World Investment Advisors LLC now owns 40,809 shares of the company's stock worth $4,944,000 after purchasing an additional 11,033 shares during the period. Tidal Investments LLC grew its holdings in shares of RTX by 22.3% during the 3rd quarter. Tidal Investments LLC now owns 31,671 shares of the company's stock worth $3,837,000 after purchasing an additional 5,767 shares in the last quarter. DGS Capital Management LLC acquired a new stake in shares of RTX in the 3rd quarter valued at $213,000. Finally, Lord Abbett & CO. LLC raised its stake in RTX by 7.6% during the third quarter. Lord Abbett & CO. LLC now owns 537,476 shares of the company's stock worth $65,121,000 after acquiring an additional 38,081 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of RTX stock traded down $1.61 on Monday, reaching $128.60. The company's stock had a trading volume of 3,293,247 shares, compared to its average volume of 5,440,199. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock's 50 day simple moving average is $128.48 and its 200-day simple moving average is $123.81. The company has a market capitalization of $171.80 billion, a P/E ratio of 36.23, a PEG ratio of 2.11 and a beta of 0.60. RTX Co. has a 12-month low of $99.07 and a 12-month high of $136.17.

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

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.68 per share. This is a boost from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, May 23rd. RTX's dividend payout ratio (DPR) is 79.77%.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 19,431 shares of the firm'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 transaction of $2,464,239.42. Following the completion of the transaction, the executive vice president now owns 29,742 shares of the company's stock, valued at $3,771,880.44. This trade represents a 39.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,831 shares of company stock valued at $10,309,302. Insiders own 0.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on RTX shares. Bank of America upped their target price on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price objective on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. StockNews.com raised RTX from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. Finally, Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $136.00 to $160.00 in a report on Wednesday, March 19th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $161.06.

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.