Pinkerton Wealth LLC Reduces Stake in RTX Corporation $RTX

Pinkerton Wealth LLC reduced its position in RTX Corporation (NYSE:RTX) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,999 shares of the company’s stock after selling 3,698 shares during the period. RTX comprises 1.2% of Pinkerton Wealth LLC’s investment portfolio, making the stock its 18th biggest position. Pinkerton Wealth LLC’s holdings in RTX were worth $11,371,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of RTX. BNP Paribas purchased a new position in RTX in the 3rd quarter valued at approximately $25,000. Navalign LLC purchased a new position in RTX in the 4th quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new position in RTX in the 3rd quarter valued at approximately $30,000. Wexford Capital LP purchased a new position in shares of RTX during the 3rd quarter worth approximately $33,000. Finally, Dogwood Wealth Management LLC increased its stake in shares of RTX by 57.3% during the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Up 0.2%

RTX stock opened at $174.82 on Thursday. The stock has a market capitalization of $235.43 billion, a P/E ratio of 32.80, a PEG ratio of 2.47 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. RTX Corporation has a one year low of $130.90 and a one year high of $214.50. The company has a 50 day moving average price of $189.86 and a two-hundred day moving average price of $188.76.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. RTX’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be issued a $0.73 dividend. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.7%. RTX’s dividend payout ratio (DPR) is 51.03%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RTX shares. TD Cowen reissued a “buy” rating on shares of RTX in a research note on Tuesday, January 27th. Citigroup dropped their price objective on shares of RTX from $238.00 to $226.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. UBS Group dropped their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group dropped their price objective on shares of RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $210.75.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s BBN Technologies demonstrated PACE4ACE, an auto-switching system that keeps critical data flowing in jammed or fragmented battlefield networks, highlighting the company’s ability to win funded defense R&D work and expand its communications portfolio. RTX’s BBN Technologies unveils auto-switching system that keeps critical data alive
• Positive Sentiment: RTX won an ONR contract to develop multiplexing radar software, adding to recent signs that its software-defined radar efforts could support future Navy and Marine Corps systems and open more defense revenue opportunities. RTX Wins ONR Contract To Develop Multiplexing Radar Software
• Neutral Sentiment: Analyst sentiment remains constructive, with RTX Corporation receiving an average “Moderate Buy” rating from brokerages, which supports the stock but is not a new fundamental catalyst. RTX Corporation (NYSE:RTX) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Several headlines about “RTX” gaming laptops and GeForce graphics cards reference Nvidia-branded consumer products, not RTX Corporation, so they are unlikely to have a meaningful direct impact on the stock.

Insider Buying and Selling at RTX

In other RTX news, EVP Dantaya M. Williams sold 12,713 shares of RTX stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $202.83, for a total value of $2,578,577.79. Following the transaction, the executive vice president owned 16,749 shares in the company, valued at $3,397,199.67. This trade represents a 43.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by company insiders.

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.