RTX Corporation $RTX Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its position in RTX Corporation (NYSE:RTX) by 1.9% during the first quarter, HoldingsChannel.com reports. The firm owned 208,954 shares of the company’s stock after buying an additional 3,944 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in RTX were worth $40,307,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC raised its holdings in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares during the period. Revolve Wealth Partners LLC grew its stake in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after buying an additional 159 shares during the period. United Bank increased its position in shares of RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after acquiring an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. increased its position in shares of RTX by 3.1% in the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after acquiring an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of RTX in the 2nd quarter valued at $5,157,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the topic of several recent research reports. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 price target on shares of RTX in a report on Thursday, March 5th. Citigroup restated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Weiss Ratings downgraded RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Finally, UBS Group lowered their target price on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.38.

RTX Stock Performance

RTX stock opened at $185.27 on Thursday. The stock has a market cap of $249.50 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 2.64 and a beta of 0.31. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $180.81 and a 200-day moving average of $189.93. RTX Corporation has a 52 week low of $140.47 and a 52 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, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, analysts expect that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

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

About RTX

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.