Shepherd Street Advisors LLC bought a new stake in RTX Corporation (NYSE:RTX – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund bought 3,567 shares of the company’s stock, valued at approximately $654,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. Brighton Jones LLC grew its stake in RTX by 24.3% in 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 during the last quarter. Revolve Wealth Partners LLC grew its stake in RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the last quarter. United Bank grew its stake in RTX by 68.0% in the second 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 last quarter. Schnieders Capital Management LLC. grew its stake in RTX by 3.1% in the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock valued at $3,052,000 after purchasing an additional 623 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in RTX in the second quarter worth about $5,157,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.
RTX Stock Down 0.1%
NYSE:RTX opened at $174.17 on Wednesday. The company has a market cap of $234.55 billion, a PE ratio of 32.68, a P/E/G ratio of 2.47 and a beta of 0.31. RTX Corporation has a twelve month low of $135.43 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. The company’s 50 day moving average is $185.52 and its two-hundred day moving average is $188.78.
RTX Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd 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 1.7%. 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 54.78%.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on RTX. DZ Bank downgraded shares of RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 target price on shares of RTX in a research report on Thursday, March 5th. Morgan Stanley dropped their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group dropped their target price on shares of RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.75.
Read Our Latest Analysis on RTX
RTX News Roundup
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Collins Aerospace expanded its Poland facility, lifting landing gear production capacity by nearly 25% and adding about 190 jobs, which should support RTX’s commercial and defense backlog execution. Article link
- Positive Sentiment: Analysts and market commentary say RTX has outperformed its industry over the past six months, helped by contract wins, technology advances, and rising earnings estimates. Article link
- Neutral Sentiment: RTX has also been mentioned in valuation-focused coverage, with investors debating whether the stock’s recent gains leave limited near-term upside despite solid fundamentals. Article link
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.
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