Clough Capital Partners L P Has $28.56 Million Stock Holdings in RTX Corporation $RTX

Clough Capital Partners L P increased its stake in shares of RTX Corporation (NYSE:RTXFree Report) by 7.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 148,079 shares of the company’s stock after acquiring an additional 9,873 shares during the quarter. RTX comprises 2.7% of Clough Capital Partners L P’s investment portfolio, making the stock its 12th biggest position. Clough Capital Partners L P’s holdings in RTX were worth $28,564,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of RTX during the fourth quarter worth approximately $3,167,626,000. Auto Owners Insurance Co lifted its holdings in RTX by 24,730.9% during the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock worth $1,852,882,000 after purchasing an additional 10,062,269 shares during the last quarter. Vanguard Group Inc. boosted its stake in RTX by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after purchasing an additional 2,210,950 shares during the period. Artisan Partners Limited Partnership boosted its stake in RTX by 1,545.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company’s stock valued at $316,128,000 after purchasing an additional 1,618,933 shares during the period. Finally, Amundi lifted its holdings in shares of RTX by 49.1% during the fourth quarter. Amundi now owns 4,402,120 shares of the company’s stock worth $807,349,000 after buying an additional 1,450,596 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RTX. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. UBS Group reaffirmed a “neutral” rating and set a $215.00 target price on shares of RTX in a report on Friday. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Finally, Weiss Ratings upgraded RTX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $220.50.

View Our Latest Report on RTX

Key RTX News

Here are the key news stories impacting RTX this week:

RTX Stock Up 0.1%

NYSE RTX opened at $213.09 on Monday. The business has a fifty day moving average price of $187.08 and a two-hundred day moving average price of $192.22. The stock has a market capitalization of $287.20 billion, a PE ratio of 37.52, a PEG ratio of 2.84 and a beta of 0.30. RTX Corporation has a fifty-two week low of $150.61 and a fifty-two week high of $214.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78.

RTX (NYSE:RTXGet Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company had revenue of $24.71 billion during the quarter, compared to analysts’ expectations of $22.89 billion. During the same quarter in the previous year, the firm earned $1.56 EPS. RTX’s revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Equities analysts expect that RTX Corporation will post 7.1 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX’s payout ratio is 51.41%.

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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