Canada Post Corp Registered Pension Plan Buys 4,960 Shares of RTX Corporation $RTX

Canada Post Corp Registered Pension Plan increased its stake in shares of RTX Corporation (NYSE:RTXFree Report) by 16.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,059 shares of the company’s stock after buying an additional 4,960 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in RTX were worth $6,430,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Milestone Asset Management Group LLC lifted its position in shares of RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after acquiring an additional 7,738 shares during the period. Truist Financial Corp lifted its position in shares of RTX by 2.3% during the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after acquiring an additional 53,045 shares during the period. Wealth Science Advisors LLC bought a new stake in shares of RTX during the 4th quarter valued at $1,439,000. Groupama Asset Managment bought a new stake in shares of RTX during the 3rd quarter valued at $150,078,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of RTX by 10.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock valued at $28,648,000 after acquiring an additional 16,467 shares during the period. Institutional investors own 86.50% of the company’s stock.

More RTX News

Here are the key news stories impacting RTX this week:

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research report on Friday, April 10th. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price target on shares of RTX in a report on Thursday, March 5th. Morgan Stanley cut their price target on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group cut their price target on shares of RTX from $225.00 to $210.00 and set a “hold” rating for the company in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $210.75.

Check Out Our Latest Report on RTX

Insider Buying and Selling at RTX

In other RTX news, EVP Ramsaran Maharajh sold 15,124 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $204.65, for a total value of $3,095,126.60. Following the completion of the transaction, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,698,105.60. This trade represents a 53.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $205.56, for a total value of $7,349,797.80. Following the completion of the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at $12,242,331.36. This represents a 37.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 63,592 shares of company stock worth $13,023,502. 0.10% of the stock is currently owned by insiders.

RTX Price Performance

Shares of NYSE:RTX opened at $171.11 on Friday. The company has a market cap of $230.43 billion, a price-to-earnings ratio of 32.10, a PEG ratio of 2.43 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The firm has a 50 day simple moving average of $191.79 and a 200 day simple moving average of $188.74. RTX Corporation has a one year low of $130.90 and a one year high of $214.50.

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

RTX Increases Dividend

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

About RTX

(Free Report)

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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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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