Union Bancaire Privee UBP SA Sells 21,824 Shares of RTX Corporation $RTX

Union Bancaire Privee UBP SA lowered its position in shares of RTX Corporation (NYSE:RTX) by 10.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 185,742 shares of the company’s stock after selling 21,824 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in RTX were worth $35,830,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. World Investment Advisors increased its holdings in RTX by 8.7% in the 4th quarter. World Investment Advisors now owns 62,448 shares of the company’s stock valued at $11,453,000 after buying an additional 5,020 shares during the period. Milestone Asset Management Group LLC raised its position in shares of RTX by 34.7% in the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after buying an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $2,308,000. Truist Financial Corp boosted its position in shares of RTX by 2.3% during the 4th 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 in the last quarter. Finally, Wealth Science Advisors LLC bought a new position in RTX in the fourth quarter valued at approximately $1,439,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Morgan Stanley cut their target price 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. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Wells Fargo & Company began coverage on RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s board declared a quarterly cash dividend of 73 cents per share, reinforcing its shareholder-return profile and signaling management confidence in cash generation. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Raytheon, an RTX business, won a $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles, adding to backlog and highlighting continued demand from the U.S. military and allied nations. RTX’s Raytheon awarded $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles
• Positive Sentiment: Several recent articles continued to frame RTX as a long-term growth and defense beneficiary, which can support investor sentiment even without a new operational catalyst. Why RTX (RTX) is a Top Growth Stock for the Long-Term

RTX Price Performance

RTX opened at $187.87 on Friday. The firm has a market cap of $253.00 billion, a P/E ratio of 35.25, a PEG ratio of 2.64 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The firm has a 50-day moving average of $180.26 and a 200 day moving average of $190.03. RTX Corporation has a fifty-two week low of $141.93 and a fifty-two week high of $214.50.

RTX (NYSE:RTX) last issued its quarterly earnings results 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 firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter last year, the company posted $1.47 EPS. The company’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, research analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were issued a $0.73 dividend. The ex-dividend date of this dividend was Friday, May 22nd. 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. RTX’s payout ratio is currently 54.78%.

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.