St. Louis Financial Planners Asset Management LLC acquired a new position in RTX Corporation (NYSE:RTX – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 18,187 shares of the company’s stock, valued at approximately $3,624,000. RTX makes up about 1.9% of St. Louis Financial Planners Asset Management LLC’s portfolio, making the stock its 19th biggest holding.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after acquiring an additional 2,210,950 shares during the last quarter. State Street Corp increased its stake in shares of RTX by 0.7% in the 4th quarter. State Street Corp now owns 91,884,588 shares of the company’s stock worth $16,851,633,000 after purchasing an additional 630,558 shares in the last quarter. Morgan Stanley raised its holdings in RTX by 0.4% in the 4th quarter. Morgan Stanley now owns 29,783,584 shares of the company’s stock worth $5,462,310,000 after purchasing an additional 105,069 shares during the period. Fisher Asset Management LLC raised its holdings in RTX by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock worth $3,998,155,000 after purchasing an additional 625,994 shares during the period. Finally, Norges Bank purchased a new position in RTX during the fourth quarter valued at $3,167,626,000. 86.50% of the stock is owned by hedge funds and other institutional investors.
RTX Price Performance
Shares of RTX stock opened at $223.18 on Friday. The company has a market capitalization of $300.80 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 2.65 and a beta of 0.29. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The stock’s 50-day simple moving average is $194.52 and its 200-day simple moving average is $193.79. RTX Corporation has a 52 week low of $150.61 and a 52 week high of $225.65.
RTX Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. RTX’s dividend payout ratio is currently 51.41%.
Analysts Set New Price Targets
A number of analysts have commented on RTX shares. Weiss Ratings upgraded RTX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Wells Fargo & Company lifted their price objective on RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. UBS Group boosted their price objective on RTX from $198.00 to $215.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Sanford C. Bernstein raised their target price on shares of RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Argus set a $245.00 price target on shares of RTX in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $228.59.
Check Out Our Latest Analysis on RTX
Insider Buying and Selling at RTX
In other RTX news, insider Troy D. Brunk sold 8,557 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the sale, the insider owned 8,809 shares in the company, valued at $1,852,444.61. The trade was a 49.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 4,760 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $213.62, for a total value of $1,016,831.20. Following the transaction, the vice president owned 22,349 shares of the company’s stock, valued at approximately $4,774,193.38. The trade was a 17.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,567 shares of company stock valued at $3,304,375 over the last ninety days. 0.10% of the stock is currently owned by corporate insiders.
Trending Headlines about RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: SPY-6 radar milestone supports defense growth prospects. Raytheon installed the first SPY-6(V)4 radar array at the Navy’s Wallops Island test site. The system is part of the Flight IIA Arleigh Burke-class destroyer modernization program, and upcoming testing could determine the pace of fleet-wide upgrades. Successful testing would strengthen RTX’s position in naval radar and provide potential long-term program revenue. RTX Delivers First SPY-6(V)4 Radar Array for Navy Destroyer Upgrade
- Positive Sentiment: Momentum-focused coverage remains favorable. Zacks and Yahoo Finance articles highlight RTX as a highly ranked momentum stock, reflecting its recent share-price strength, solid earnings execution and improving investor sentiment. However, these reports are largely screening-based rather than new fundamental catalysts. RTX Is a Top-Ranked Momentum Stock What Makes RTX a Strong Momentum Stock
- Neutral Sentiment: Valuation comparison provides context. A comparison with Lockheed Martin focuses on how investors are pricing two major defense contractors. It does not identify a material change in RTX’s outlook, but reinforces that valuation, backlog quality and execution will be important after the stock’s strong run. RTX vs. Lockheed Martin: How the Street Is Pricing Two Defense Giants
- Neutral Sentiment: Several RTX-branded GPU articles are unrelated to RTX Corporation. Stories about GeForce RTX 5090 pricing, driver crashes and gaming laptops concern NVIDIA’s graphics products, not RTX Corporation’s aerospace and defense business, and therefore should not affect the investment case for NYSE: RTX.
RTX Company 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.
Featured Articles
- Five stocks we like better than RTX
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Corporation (NYSE:RTX – Free Report).
Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
