Swiss National Bank Sells 190,400 Shares of RTX Corporation $RTX

Swiss National Bank reduced its stake in shares of RTX Corporation (NYSE:RTX) by 4.7% during the third quarter, Holdings Channel reports. The institutional investor owned 3,850,981 shares of the company’s stock after selling 190,400 shares during the period. Swiss National Bank’s holdings in RTX were worth $644,385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares in the last quarter. United Bank raised its position in shares of RTX by 68.0% during the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after purchasing an additional 4,131 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of RTX by 3.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock valued at $3,052,000 after buying an additional 623 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its holdings in RTX by 1.5% in the 2nd quarter. KCM Investment Advisors LLC now owns 15,416 shares of the company’s stock worth $2,251,000 after buying an additional 229 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. DZ Bank downgraded RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Vertical Research reissued a “buy” rating and issued a $227.00 price target on shares of RTX in a report on Tuesday, January 27th. BNP Paribas Exane initiated coverage on RTX in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price target for the company. Susquehanna reiterated a “positive” rating and set a $230.00 price objective on shares of RTX in a research report on Thursday, January 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $202.00.

RTX Trading Up 2.9%

Shares of RTX stock opened at $209.70 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $281.48 billion, a price-to-earnings ratio of 42.28, a price-to-earnings-growth ratio of 3.03 and a beta of 0.42. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $214.50. The stock’s 50-day moving average price is $197.52 and its 200-day moving average price is $178.89.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. The company had revenue of $24.24 billion during the quarter, compared to analyst estimates of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts predict that RTX Corporation will post 6.11 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, February 20th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.3%. RTX’s dividend payout ratio (DPR) is 54.84%.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 15,124 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,698,105.60. This represents a 53.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dantaya M. Williams sold 12,713 shares of RTX stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $202.83, for a total value of $2,578,577.79. Following the completion of the transaction, the executive vice president owned 16,749 shares of the company’s stock, valued at approximately $3,397,199.67. This represents a 43.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 89,255 shares of company stock valued at $18,151,956 in the last 90 days. Company insiders own 0.15% of the company’s stock.

RTX Company Profile

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.