RTX Corporation $RTX Shares Bought by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. lifted its position in shares of RTX Corporation (NYSE:RTX) by 40.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,397 shares of the company’s stock after acquiring an additional 2,975 shares during the quarter. Avantax Planning Partners Inc.’s holdings in RTX were worth $2,006,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in RTX during the fourth quarter worth $3,167,626,000. Auto Owners Insurance Co boosted its position in RTX by 24,730.9% during the fourth 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 in the last quarter. Vanguard Group Inc. grew its holdings in RTX by 1.8% in the fourth 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 last quarter. Artisan Partners Limited Partnership grew its holdings in RTX by 1,545.1% in the fourth 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 last quarter. Finally, Amundi increased its position in shares of RTX by 49.1% in the fourth quarter. Amundi now owns 4,402,120 shares of the company’s stock valued at $807,349,000 after buying an additional 1,450,596 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. UBS Group cut 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. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Finally, 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 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.38.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Analysts highlighted RTX’s expanding position in the electronic warfare market, pointing to advanced jamming, sensing and mission systems as defense spending supports demand. Is RTX Strengthening Its Position in the Electronic Warfare Market?
• Positive Sentiment: RTX’s global sustainment and lifecycle support business was cited as a potential long-term growth engine, reinforcing the company’s recurring-revenue profile. Can RTX’s Global Sustainment Services Drive Long-Term Growth?
• Positive Sentiment: RTX also drew attention for technical progress in aviation, including a high power-density electric motor test that may support future aerospace innovation. RTX Runs High Power-Density Electric Motor For Aviation
• Neutral Sentiment: One market note said RTX now appears to trade near intrinsic value on discounted cash flow and earnings-based measures, implying limited valuation support for a major rerating either way. RTX (RTX) Stock May Trade At A Cash Flow Discount And Earnings Premium
• Neutral Sentiment: Other headlines focused on NVIDIA RTX 5000/5070/5090 graphics cards and thermal issues, which are unrelated to RTX Corporation and likely had little direct impact on the stock. NVIDIA RTX 5000 GPUs get hotspot temperature readings…
• Negative Sentiment: Recent trading showed RTX declining even as the market rose, suggesting some investors are locking in gains or waiting for a stronger catalyst. RTX (RTX) Stock Falls Amid Market Uptick: What Investors Need to Know

RTX Trading Down 1.3%

RTX stock opened at $193.82 on Wednesday. The stock has a 50-day moving average price of $183.55 and a 200 day moving average price of $191.47. RTX Corporation has a 52 week low of $143.56 and a 52 week high of $214.50. The stock has a market cap of $261.02 billion, a PE ratio of 36.36, a P/E/G ratio of 2.69 and a beta of 0.30. 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 released its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the prior year, the firm earned $1.47 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts predict that RTX Corporation will post 6.92 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio is presently 54.78%.

About RTX

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.