RTX (NYSE:RTX) Stock Price Up 1.5% – Here’s Why

RTX Corporation (NYSE:RTX)’s stock price was up 1.5% on Monday . The company traded as high as $179.93 and last traded at $178.7310. Approximately 5,947,193 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 5,945,437 shares. The stock had previously closed at $176.09.

Analyst Ratings Changes

Several research analysts recently commented on RTX shares. 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. Jefferies Financial Group decreased their price target on shares of RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research report on Monday, April 13th. Robert W. Baird set a $225.00 price objective on shares of RTX in a research note on Wednesday, January 28th. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Citigroup cut their target price on shares of RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.59.

RTX Stock Performance

The company has a market capitalization of $240.69 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 2.50 and a beta of 0.31. The stock has a 50 day simple moving average of $195.09 and a 200 day simple moving average of $188.74. 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 announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed 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 a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is 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 is 54.78%.

Insider Activity

In other RTX news, EVP Dantaya M. Williams sold 12,713 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 16,749 shares in the company, valued at approximately $3,397,199.67. This represents a 43.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kevin G. Dasilva sold 8,136 shares of RTX 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 sale, the vice president directly owned 27,102 shares in the company, valued at approximately $5,455,632.60. This trade represents a 23.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 89,255 shares of company stock worth $18,151,956 over the last three months. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On RTX

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Burling Wealth Partners LLC lifted its holdings in RTX by 4.2% in the first quarter. Burling Wealth Partners LLC now owns 46,082 shares of the company’s stock worth $8,889,000 after purchasing an additional 1,872 shares during the period. Wilkerson Advisory Group LLC lifted its stake in shares of RTX by 76.2% in the 1st quarter. Wilkerson Advisory Group LLC now owns 303 shares of the company’s stock worth $58,000 after acquiring an additional 131 shares during the period. One Charles Private Wealth Services LLC lifted its stake in shares of RTX by 1.7% in the 1st quarter. One Charles Private Wealth Services LLC now owns 13,154 shares of the company’s stock worth $2,537,000 after acquiring an additional 222 shares during the period. Summit Global Investments boosted its holdings in shares of RTX by 4.2% in the first quarter. Summit Global Investments now owns 6,111 shares of the company’s stock valued at $1,179,000 after acquiring an additional 247 shares in the last quarter. Finally, MWA Asset Management boosted its holdings in shares of RTX by 1.2% in the first quarter. MWA Asset Management now owns 17,285 shares of the company’s stock valued at $3,334,000 after acquiring an additional 211 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

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.