Mariner LLC lifted its position in RTX Corporation (NYSE:RTX – Free Report) by 14.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 461,312 shares of the company’s stock after purchasing an additional 59,181 shares during the quarter. Mariner LLC’s holdings in RTX were worth $84,613,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of RTX. BNP Paribas purchased a new position in shares of RTX in the third quarter worth about $25,000. Navalign LLC purchased a new position in shares of RTX in the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of RTX in the fourth quarter worth about $26,000. Core Wealth Advisors LLC purchased a new position in shares of RTX in the fourth quarter worth about $31,000. Finally, 1 North Wealth Services LLC raised its stake in shares of RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have recently issued reports on RTX shares. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Jefferies Financial Group upgraded RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $210.00 to $220.00 in a research note on Thursday, June 4th. Finally, Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.
RTX Stock Down 0.0%
RTX stock opened at $183.46 on Tuesday. The firm has a market cap of $247.06 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 2.60 and a beta of 0.31. RTX Corporation has a 52 week low of $140.47 and a 52 week high of $214.50. The business’s 50-day moving average price is $182.75 and its 200 day moving average price is $189.18. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.
RTX (NYSE:RTX – Get Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current year.
RTX Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.6%. This is a positive change from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, May 22nd. RTX’s dividend payout ratio is 54.78%.
RTX 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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