Investment Partners LTD. purchased a new stake in RTX Corporation (NYSE:RTX – Free Report) during the third quarter, HoldingsChannel.com reports. The firm purchased 2,942 shares of the company’s stock, valued at approximately $546,000.
Several other large investors have also recently added to or reduced their stakes in RTX. BlackRock Inc. acquired a new stake in shares of RTX during the second quarter worth approximately $20,970,571,000. Bank of New York Mellon Corp acquired a new position in shares of RTX in the 2nd quarter worth approximately $1,456,256,000. Legal & General Group Plc acquired a new position in shares of RTX in the 2nd quarter worth approximately $1,267,256,000. Deutsche Bank AG acquired a new position in shares of RTX in the 2nd quarter worth approximately $725,900,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in RTX during the 2nd quarter worth approximately $636,932,000. 86.50% of the stock is owned by institutional investors.
RTX Price Performance
Shares of RTX stock opened at $200.09 on Monday. RTX Corporation has a 1 year low of $166.74 and a 1 year high of $226.88. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $194.81 and its 200-day moving average is $195.55. The firm has a market capitalization of $270.01 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 2.23 and a beta of 0.30.
RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The business had revenue of $24.96 billion during the quarter, compared to analyst estimates of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. RTX’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 earnings per share. Sell-side analysts forecast that RTX Corporation will post 7.67 EPS for the current fiscal year.
RTX Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s dividend payout ratio (DPR) is presently 47.40%.
Insider Buying and Selling
In other news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on RTX shares. Sanford C. Bernstein dropped their price target on RTX from $223.00 to $214.00 and set a “market perform” rating for the company in a report on Thursday, October 15th. UBS Group lifted their price objective on RTX from $209.00 to $212.00 and gave the company a “neutral” rating in a research report on Wednesday, October 21st. Susquehanna boosted their price objective on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a research note on Friday, July 24th. Royal Bank Of Canada decreased their target price on RTX from $250.00 to $235.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Finally, DA Davidson raised their target price on RTX from $192.00 to $219.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.24.
Check Out Our Latest Analysis on RTX
Key Headlines Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Quarterly dividend maintained: RTX’s board declared a cash dividend of $0.73 per share, payable December 10, 2026, to shareholders of record on November 20. The payment equates to $2.92 annually and a yield of approximately 1.4%, reinforcing the company’s shareholder-return profile. RTX Board of Directors Declares Quarterly Cash Dividend
- Positive Sentiment: Improving fundamental outlook: Recent coverage highlights RTX’s third-quarter revenue and earnings beat, raised guidance, record backlog, and signs of recovering commercial aerospace demand. The stronger outlook has helped shares recover recently, although the stock remains below its 52-week high. RTX Could Be 14% Undervalued As Raised Guidance Lifts The Valuation Case
- Positive Sentiment: Analyst sentiment remains favorable: The average brokerage recommendation for RTX is equivalent to a Buy. While analyst ratings should be interpreted cautiously, the consensus can provide near-term support for the stock. Is It Worth Investing in RTX Based on Wall Street’s Bullish Views?
- Neutral Sentiment: Valuation remains a consideration: RTX trades at a relatively elevated earnings multiple following its recovery, so further gains may depend on continued execution, aerospace-market improvement, and delivery against raised guidance. The dividend is supportive but modest at roughly 1.4%.
RTX Profile
RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.
The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.
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