Cambient Family Office LLC acquired a new position in RTX Corporation (NYSE:RTX – Free Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 82,929 shares of the company’s stock, valued at approximately $15,209,000. RTX accounts for approximately 2.2% of Cambient Family Office LLC’s portfolio, making the stock its 9th largest position.
A number of other institutional investors have also made changes to their positions in the business. Wick Capital Partners LLC acquired a new position in RTX during the 4th quarter worth about $186,000. Mcguire Capital Advisors Inc. bought a new position in shares of RTX in the fourth quarter worth about $87,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of RTX during the fourth quarter worth approximately $1,039,000. Van Diest Capital LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $221,000. Finally, Compound Planning Inc. grew its stake in shares of RTX by 47.5% during the fourth quarter. Compound Planning Inc. now owns 30,010 shares of the company’s stock valued at $5,504,000 after purchasing an additional 9,667 shares during the last quarter. 86.50% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on RTX shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price objective on shares of RTX in a research report on Thursday, March 5th. Citigroup reiterated a “buy” rating on shares of RTX in a research report on Wednesday. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Wells Fargo & Company assumed coverage on shares of RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 target price for the company. Finally, Morgan Stanley lowered their price target on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $211.38.
RTX Stock Down 3.4%
NYSE:RTX opened at $186.07 on Friday. RTX Corporation has a 1 year low of $140.47 and a 1 year high of $214.50. The stock has a 50-day moving average price of $182.21 and a two-hundred day moving average price of $189.49. The stock has a market cap of $250.58 billion, a price-to-earnings ratio of 34.91, a PEG ratio of 2.73 and a beta of 0.31. 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 – Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter last year, the firm posted $1.47 earnings per share. RTX’s revenue 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 expect that RTX Corporation will post 6.91 earnings per share for the current year.
RTX Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio (DPR) is currently 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.
Featured Articles
- Five stocks we like better than RTX
- Credo Technologies Accelerates AI—Its Stock Price Will Follow
- Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
- Jabil Just Gave Investors a Stronger Reason to Buy the Dip
- CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge
Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX – Free Report).
Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.
