RTX Corporation $RTX Shares Sold by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC lowered its stake in RTX Corporation (NYSE:RTXFree Report) by 95.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,310 shares of the company’s stock after selling 51,834 shares during the period. Osborne Partners Capital Management LLC’s holdings in RTX were worth $446,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Baer Investment Advisory LLC bought a new position in shares of RTX during the first quarter worth about $844,000. World Investment Advisors increased its holdings in RTX by 4.5% in the first quarter. World Investment Advisors now owns 65,275 shares of the company’s stock valued at $12,592,000 after buying an additional 2,827 shares during the last quarter. Sierra Summit Advisors LLC raised its stake in RTX by 13.2% during the first quarter. Sierra Summit Advisors LLC now owns 6,243 shares of the company’s stock valued at $1,204,000 after buying an additional 727 shares in the last quarter. Optas LLC raised its stake in RTX by 5.3% during the first quarter. Optas LLC now owns 5,701 shares of the company’s stock valued at $1,100,000 after buying an additional 289 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in RTX during the 1st quarter worth approximately $9,228,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company initiated coverage on RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price target for the company. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Citigroup reiterated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Finally, Morgan Stanley reduced their price target on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.38.

Check Out Our Latest Report on RTX

RTX Stock Performance

Shares of RTX stock opened at $198.88 on Friday. RTX Corporation has a 12-month low of $142.98 and a 12-month high of $214.50. 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 market capitalization of $267.83 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 2.82 and a beta of 0.30. The business has a 50 day simple moving average of $180.46 and a 200 day simple moving average of $190.67.

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

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. RTX’s payout ratio is currently 54.78%.

Key Stories Impacting RTX

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RTX Profile

(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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