Evoke Wealth LLC grew its stake in RTX Corporation (NYSE:RTX – Free Report) by 36.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,154 shares of the company’s stock after buying an additional 5,337 shares during the quarter. Evoke Wealth LLC’s holdings in RTX were worth $3,696,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of RTX. Milestone Asset Management Group LLC boosted its stake in shares of RTX by 34.7% in the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after acquiring an additional 7,738 shares during the period. Truist Financial Corp boosted its stake in shares of RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after acquiring an additional 53,045 shares during the period. Wealth Science Advisors LLC bought a new position in shares of RTX in the fourth quarter worth about $1,439,000. Groupama Asset Managment bought a new position in RTX during the third quarter valued at approximately $150,078,000. Finally, Oppenheimer & Co. Inc. boosted its stake in RTX by 10.6% during the third quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock valued at $28,648,000 after buying an additional 16,467 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.
Insider Transactions at RTX
In other RTX news, EVP Dantaya M. Williams sold 12,713 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the sale, the executive vice president directly owned 16,749 shares in the company, valued at $3,397,199.67. This represents a 43.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.
RTX Trading Up 0.6%
RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings data 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 return on equity of 13.50% and a net margin of 8.03%.The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the prior year, the business posted $1.47 earnings per share. The company’s quarterly 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. Research analysts predict that RTX Corporation will post 6.91 earnings per share for the current year.
RTX Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. RTX’s dividend payout ratio (DPR) is currently 51.03%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Citigroup dropped their price target on RTX from $238.00 to $226.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. DZ Bank lowered RTX from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Royal Bank Of Canada increased their price target on RTX from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. UBS Group dropped their price target on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $204.00 price target on shares of RTX in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $210.75.
View Our Latest Research Report on RTX
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.
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