RTX Corporation $RTX Shares Sold by Pinkerton Wealth LLC

Pinkerton Wealth LLC lowered its position in RTX Corporation (NYSE:RTX) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,999 shares of the company’s stock after selling 3,698 shares during the quarter. RTX accounts for approximately 1.2% of Pinkerton Wealth LLC’s holdings, making the stock its 18th biggest holding. Pinkerton Wealth LLC’s holdings in RTX were worth $11,371,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the last quarter. United Bank grew 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 buying an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. grew its position in RTX by 3.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after purchasing an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in RTX in the 2nd quarter worth about $5,157,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s BBN Technologies demonstrated PACE4ACE, an auto-switching system that keeps critical data flowing in jammed or fragmented battlefield networks, highlighting the company’s ability to win funded defense R&D work and expand its communications portfolio. RTX’s BBN Technologies unveils auto-switching system that keeps critical data alive
• Positive Sentiment: RTX won an ONR contract to develop multiplexing radar software, adding to recent signs that its software-defined radar efforts could support future Navy and Marine Corps systems and open more defense revenue opportunities. RTX Wins ONR Contract To Develop Multiplexing Radar Software
• Neutral Sentiment: Analyst sentiment remains constructive, with RTX Corporation receiving an average “Moderate Buy” rating from brokerages, which supports the stock but is not a new fundamental catalyst. RTX Corporation (NYSE:RTX) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Several headlines about “RTX” gaming laptops and GeForce graphics cards reference Nvidia-branded consumer products, not RTX Corporation, so they are unlikely to have a meaningful direct impact on the stock.

Analysts Set New Price Targets

Several research firms have commented on RTX. Citigroup decreased their target price on shares of RTX from $238.00 to $226.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Wells Fargo & Company began coverage on shares of RTX in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price for the company. DZ Bank cut shares of RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Robert W. Baird set a $225.00 target price on shares of RTX in a research report on Wednesday, January 28th. Finally, UBS Group decreased their target price on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $210.75.

Insider Buying and Selling at RTX

In other news, EVP Dantaya M. Williams sold 12,713 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $202.83, for a total value of $2,578,577.79. Following the completion of the sale, the executive vice president directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

RTX Trading Up 0.2%

Shares of NYSE:RTX opened at $174.82 on Thursday. The company has a 50 day moving average of $189.86 and a 200-day moving average of $188.76. The firm has a market cap of $235.43 billion, a P/E ratio of 32.80, a P/E/G ratio of 2.47 and a beta of 0.31. RTX Corporation has a twelve month low of $130.90 and a twelve month high of $214.50. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48.

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

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio (DPR) is currently 51.03%.

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.