RTX Corporation $RTX Shares Sold by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. lowered its stake in shares of RTX Corporation (NYSE:RTX) by 93.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,259 shares of the company’s stock after selling 19,487 shares during the quarter. Summit Wealth Group LLC Co.’s holdings in RTX were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. BNP Paribas acquired a new position in RTX in the third quarter worth $25,000. Valley Wealth Managers Inc. acquired a new position in RTX in the third quarter worth $30,000. Wexford Capital LP acquired a new position in RTX in the third quarter worth $33,000. Dogwood Wealth Management LLC boosted its holdings in RTX by 57.3% in the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the period. Finally, Imprint Wealth LLC acquired a new position in RTX in the third quarter worth $35,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Activity

In related news, EVP Ramsaran Maharajh sold 15,124 shares of RTX 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 $2,698,105.60. The trade was a 53.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of RTX stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the sale, the executive vice president owned 59,556 shares in the company, valued at approximately $12,242,331.36. This represents a 37.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 63,592 shares of company stock valued at $13,023,502. 0.10% of the stock is currently owned by company insiders.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon received an order for 120 SharpSight radars from Blue Raven, the largest order yet for the multi-domain surveillance radar, which supports the company’s defense backlog and sales outlook. RTX Corporation (RTX) Receives Order For SharpSight radars from Blue Raven
• Positive Sentiment: RTX won a SeaRAM ship self-defense contract for Australian frigates, adding another international defense program win and reinforcing demand for its naval defense systems. RTX Wins SeaRAM Ship Self-Defense Contract For Australian Frigates
• Positive Sentiment: Collins Aerospace, an RTX business, is investing $26.5 million to expand its Florida facility, signaling additional capacity for radar work tied to both commercial aviation and defense programs. RTX’s Collins Aerospace Invests $26.5M In Florida Expansion
• Neutral Sentiment: Zacks highlighted RTX as one of its most-searched stocks, which suggests elevated investor interest but does not by itself change fundamentals. Investors Heavily Search RTX Corporation (RTX): Here is What You Need to Know

RTX Stock Performance

Shares of RTX opened at $175.58 on Friday. RTX Corporation has a 1 year low of $130.90 and a 1 year high of $214.50. The company has a market cap of $236.44 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 2.52 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The firm has a fifty day moving average of $192.55 and a 200-day moving average of $188.86.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.7%. This is a positive change from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s dividend payout ratio is presently 51.03%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RTX shares. Royal Bank Of Canada lifted their price objective on shares of RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of RTX in a report on Tuesday, January 27th. Citigroup decreased their price objective on shares of RTX from $238.00 to $226.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Vertical Research reaffirmed a “buy” rating and issued a $227.00 price objective on shares of RTX in a report on Tuesday, January 27th. Finally, DZ Bank downgraded shares of RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $210.75.

RTX 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.