Summit Financial Wealth Advisors LLC Cuts Position in RTX Corporation $RTX

Summit Financial Wealth Advisors LLC trimmed its position in shares of RTX Corporation (NYSE:RTX) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,812 shares of the company’s stock after selling 3,313 shares during the period. RTX comprises about 2.6% of Summit Financial Wealth Advisors LLC’s portfolio, making the stock its 11th biggest position. Summit Financial Wealth Advisors LLC’s holdings in RTX were worth $18,306,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of RTX by 0.6% during the third quarter. Vanguard Group Inc. now owns 122,775,221 shares of the company’s stock worth $20,543,978,000 after buying an additional 700,487 shares during the period. Capital Research Global Investors increased its stake in shares of RTX by 1.1% during the third quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock worth $12,750,087,000 after buying an additional 799,155 shares during the period. Fisher Asset Management LLC increased its stake in shares of RTX by 2.8% during the third quarter. Fisher Asset Management LLC now owns 21,174,194 shares of the company’s stock worth $3,543,078,000 after buying an additional 575,004 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of RTX by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 7,642,723 shares of the company’s stock worth $1,278,740,000 after buying an additional 147,940 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of RTX by 13.4% during the third quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock worth $1,199,338,000 after buying an additional 846,656 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on RTX. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 price target on shares of RTX in a research note on Thursday, March 5th. Morgan Stanley reiterated an “overweight” rating and issued a $235.00 price target on shares of RTX in a research note on Wednesday, January 28th. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Wells Fargo & Company began coverage on shares of RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price target on the stock. Finally, Wall Street Zen upgraded shares of RTX from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $203.61.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 17,527 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $199.16, for a total value of $3,490,677.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,136 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $201.30, for a total value of $1,637,776.80. Following the completion of the sale, the vice president directly owned 27,102 shares of the company’s stock, valued at $5,455,632.60. The trade was a 23.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 89,255 shares of company stock valued at $18,151,956. 0.10% of the stock is owned by insiders.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: U.S. cleared a potential $11.9 billion sale of AEGIS-based combat systems to Germany that would support up to eight ships — a large foreign military sale that, if finalized after congressional review and negotiations, would meaningfully support RTX’s defense electronics/backlog. U.S. Approves Potential $11.9B Germany Combat Systems Deal With Lockheed, RTX
• Positive Sentiment: Raytheon (an RTX business) delivered the first Next Generation Jammer (NGJ) shipsets to the Royal Australian Air Force — this starts international fielding of a high-value electronic-warfare program and underscores recurring long-cycle revenue and on-site support opportunities. RTX’s Raytheon delivers first Next Generation Jammer shipsets to the Royal Australian Air Force
• Positive Sentiment: High-profile commentator support: Jim Cramer said he’d buy RTX ahead of the quarter, which can attract short-term retail buying and supports sentiment ahead of the earnings print. Jim Cramer on RTX Corporation: “I’d Buy the Stock Ahead of the Quarter”
• Neutral Sentiment: Q1 earnings preview: RTX reports tomorrow before market open; consensus expectations ~ $1.51 EPS and ~$21.5B revenue. Results, guidance and commentary on margins and commercial aerospace (Pratt & Whitney) will likely drive near-term price moves. RTX Earnings: What To Look For From RTX
• Neutral Sentiment: Defense earnings cadence and the Pentagon budget release this week create a macro backdrop — positive for long-term demand but could add short-term volatility as analysts update forecasts. RTX, Lockheed Martin Lead Defense Earnings. Pentagon To Detail Budget Request.
• Negative Sentiment: Notable insider selling and social-media chatter: aggregated filings show multiple recent executive sales and elevated retail discussion — combined with a modest pullback in the stock over the past month, this raises near-term risk of profit-taking ahead of the print. RTX Corporation Stock (RTX) Opinions on Upcoming Q1 Earnings

RTX Stock Performance

Shares of RTX stock opened at $195.92 on Tuesday. The firm has a market capitalization of $263.70 billion, a P/E ratio of 39.50, a P/E/G ratio of 2.84 and a beta of 0.43. RTX Corporation has a 52 week low of $112.63 and a 52 week high of $214.50. The firm’s 50 day moving average is $200.38 and its two-hundred day moving average is $187.59. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.51.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.08. The business had revenue of $24.24 billion during the quarter, compared to the consensus estimate of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts forecast that RTX Corporation will post 6.8 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 20th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, February 20th. RTX’s dividend payout ratio is presently 54.84%.

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.