RTX Corporation $RTX Position Increased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its position in RTX Corporation (NYSE:RTX) by 128.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 53,620 shares of the company’s stock after purchasing an additional 30,194 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in RTX were worth $10,343,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in RTX. Navalign LLC purchased a new stake in shares of RTX in the 4th quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in RTX during the 4th quarter worth approximately $26,000. BNP Paribas purchased a new position in RTX during the 3rd quarter worth approximately $25,000. Core Wealth Advisors LLC acquired a new stake in RTX during the 4th quarter valued at $31,000. Finally, 1 North Wealth Services LLC raised its stake in RTX by 456.7% during the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after purchasing an additional 137 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX News Summary

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 Stock Up 0.7%

RTX stock opened at $187.87 on Friday. The company has a 50 day moving average of $180.26 and a two-hundred day moving average of $190.03. The company has a market cap of $253.00 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 2.66 and a beta of 0.31. RTX Corporation has a 12-month low of $141.93 and a 12-month high of $214.50. 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) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the previous year, the company posted $1.47 EPS. RTX’s revenue 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 analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, May 22nd. RTX’s dividend payout ratio is presently 54.78%.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent analyst reports. Wells Fargo & Company assumed coverage on RTX in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price for the company. Jefferies Financial Group raised RTX from a “hold” rating to a “buy” rating and upped their price target for the company from $210.00 to $220.00 in a research report on Thursday, June 4th. Citigroup reissued a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.38.

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.