RTX Corporation $RTX Position Boosted by Legato Capital Management LLC

Legato Capital Management LLC grew its position in shares of RTX Corporation (NYSE:RTX) by 125.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 19,788 shares of the company’s stock after acquiring an additional 11,000 shares during the period. Legato Capital Management LLC’s holdings in RTX were worth $3,629,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. New World Advisors LLC lifted its holdings in shares of RTX by 33.2% during the 4th quarter. New World Advisors LLC now owns 1,670 shares of the company’s stock valued at $306,000 after buying an additional 416 shares during the last quarter. Evoke Wealth LLC lifted its holdings in shares of RTX by 36.0% during the 4th quarter. Evoke Wealth LLC now owns 20,154 shares of the company’s stock valued at $3,696,000 after buying an additional 5,337 shares during the last quarter. Empirical Asset Management LLC lifted its holdings in shares of RTX by 2.1% during the 4th quarter. Empirical Asset Management LLC now owns 5,048 shares of the company’s stock valued at $926,000 after buying an additional 104 shares during the last quarter. Keudell Morrison Wealth Management acquired a new stake in shares of RTX during the 4th quarter valued at about $3,156,000. Finally, Ignite Planners LLC lifted its holdings in shares of RTX by 7.9% during the 4th quarter. Ignite Planners LLC now owns 2,676 shares of the company’s stock valued at $538,000 after buying an additional 196 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RTX shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $204.00 price target on shares of RTX in a report on Thursday, January 29th. Jefferies Financial Group reduced their price target on RTX from $225.00 to $210.00 and set a “hold” rating for the company in a report on Monday, April 13th. DZ Bank lowered RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Morgan Stanley reduced their price target on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Finally, Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.75.

RTX Stock Up 0.6%

RTX opened at $177.06 on Friday. The business has a 50 day moving average price of $188.64 and a 200 day moving average price of $188.66. RTX Corporation has a twelve month low of $130.90 and a twelve month high of $214.50. 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 market cap of $238.45 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.49 and a beta of 0.31.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $21.38 billion. During the same period in the previous year, the company earned $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. Research analysts forecast that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be issued a $0.73 dividend. This is an increase from RTX’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio is presently 51.03%.

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.