Greenup Street Wealth Management LLC bought a new position in shares of RTX Corporation (NYSE:RTX – Free Report) in the 3rd quarter, Holdings Channel.com reports. The fund bought 9,647 shares of the company’s stock, valued at approximately $1,791,000.
Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of RTX in the 2nd quarter valued at about $20,970,571,000. Bank of New York Mellon Corp acquired a new position in shares of RTX during the second quarter worth about $1,456,256,000. Legal & General Group Plc acquired a new position in shares of RTX during the second quarter worth about $1,267,256,000. Deutsche Bank AG purchased a new stake in shares of RTX during the second quarter worth approximately $725,900,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of RTX during the second quarter worth approximately $636,932,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.
RTX Price Performance
Shares of NYSE RTX opened at $200.09 on Friday. The stock’s 50-day simple moving average is $194.81 and its 200-day simple moving average is $195.55. The firm has a market capitalization of $270.01 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 2.22 and a beta of 0.31. RTX Corporation has a fifty-two week low of $166.74 and a fifty-two week high of $226.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05.
RTX (NYSE:RTX – Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.48. The firm had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a return on equity of 14.89% and a net margin of 8.75%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 earnings per share. As a group, equities research analysts forecast that RTX Corporation will post 7.67 EPS for the current fiscal year.
RTX Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, November 20th. RTX’s payout ratio is currently 47.40%.
Insider Buying and Selling at RTX
In other news, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,952,161.28. This represents a 50.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Jefferies Financial Group set a $250.00 target price on shares of RTX and gave the company a “buy” rating in a report on Sunday, July 26th. Royal Bank Of Canada lowered their price target on shares of RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Rothschild & Co Redburn increased their price objective on shares of RTX from $180.00 to $215.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Citigroup restated a “buy” rating on shares of RTX in a report on Wednesday, October 7th. Finally, Susquehanna raised their price objective on shares of RTX from $235.00 to $245.00 and gave the company a “positive” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.86.
View Our Latest Research Report on RTX
Key Stories Impacting RTX
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Quarterly dividend maintained: RTX’s board declared a cash dividend of $0.73 per share, payable December 10, 2026, to shareholders of record on November 20. The payment equates to $2.92 annually and a yield of approximately 1.4%, reinforcing the company’s shareholder-return profile. RTX Board of Directors Declares Quarterly Cash Dividend
- Positive Sentiment: Improving fundamental outlook: Recent coverage highlights RTX’s third-quarter revenue and earnings beat, raised guidance, record backlog, and signs of recovering commercial aerospace demand. The stronger outlook has helped shares recover recently, although the stock remains below its 52-week high. RTX Could Be 14% Undervalued As Raised Guidance Lifts The Valuation Case
- Positive Sentiment: Analyst sentiment remains favorable: The average brokerage recommendation for RTX is equivalent to a Buy. While analyst ratings should be interpreted cautiously, the consensus can provide near-term support for the stock. Is It Worth Investing in RTX Based on Wall Street’s Bullish Views?
- Neutral Sentiment: Valuation remains a consideration: RTX trades at a relatively elevated earnings multiple following its recovery, so further gains may depend on continued execution, aerospace-market improvement, and delivery against raised guidance. The dividend is supportive but modest at roughly 1.4%.
RTX Profile
RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.
The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.
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