Strategic Planning Group LLC Grows Stock Position in RTX Corporation $RTX

Strategic Planning Group LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 6.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 69,303 shares of the company’s stock after purchasing an additional 4,051 shares during the quarter. RTX comprises about 1.6% of Strategic Planning Group LLC’s holdings, making the stock its 21st largest position. Strategic Planning Group LLC’s holdings in RTX were worth $12,710,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Trek Financial LLC purchased a new stake in shares of RTX during the 4th quarter valued at approximately $210,000. Centric Wealth Management raised its position in RTX by 3.5% in the fourth quarter. Centric Wealth Management now owns 23,714 shares of the company’s stock valued at $4,769,000 after purchasing an additional 795 shares during the period. Swiss Life Asset Management Ltd raised its position in RTX by 64.8% in the fourth quarter. Swiss Life Asset Management Ltd now owns 274,485 shares of the company’s stock valued at $50,341,000 after purchasing an additional 107,915 shares during the period. Colonial River Investments LLC raised its position in RTX by 6.1% in the fourth quarter. Colonial River Investments LLC now owns 1,507 shares of the company’s stock valued at $276,000 after purchasing an additional 87 shares during the period. Finally, Asahi Life Asset Management CO. LTD. raised its position in RTX by 75.1% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 4,358 shares of the company’s stock valued at $799,000 after purchasing an additional 1,869 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $178.73 on Tuesday. The company has a fifty day simple moving average of $194.32 and a two-hundred day simple moving average of $188.89. The company has a market cap of $240.69 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 2.50 and a beta of 0.31. 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 Corporation has a 52 week low of $127.39 and a 52 week high of $214.50.

RTX (NYSE:RTX) last posted its quarterly 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 business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

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

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon unit won a contract to supply SeaRAM ship self-defense systems for Australia’s new Mogami-class frigates, adding to the company’s defense pipeline and reinforcing demand for its naval protection systems. RTX’s Raytheon selected to provide SeaRAM for Australia’s new Mogami-class frigates
• Positive Sentiment: Collins Aerospace, an RTX business, is investing $26.5 million to expand its Largo, Florida facility, a move that should help accelerate production of commercial aviation radars and defense-related security solutions while creating more than 100 jobs. RTX’s Collins Aerospace accelerates production with $26.5 million investment in Largo, Florida
• Positive Sentiment: RTX also appears to be benefiting from broader defense order momentum, including reports of major Pentagon missile orders involving RTX and Lockheed Martin, which could support near-term revenue and sentiment for the stock. Lockheed, RTX win major Pentagon missile orders

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $204.00 target price on shares of RTX in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their target price on RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. DZ Bank lowered RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Jefferies Financial Group cut their target price on RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. Finally, Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of RTX in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.59.

Insiders Place Their Bets

In other RTX news, VP Kevin G. Dasilva sold 8,136 shares of the business’s stock in a transaction 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 transaction, the vice president owned 27,102 shares in the company, valued at $5,455,632.60. The trade was a 23.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 15,124 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,698,105.60. This trade represents a 53.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 89,255 shares of company stock valued at $18,151,956. Corporate insiders own 0.10% of the company’s stock.

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.