Crestwood Advisors Group LLC Boosts Stock Position in RTX Corporation $RTX

Crestwood Advisors Group LLC boosted its stake in RTX Corporation (NYSE:RTXFree Report) by 13.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,725 shares of the company’s stock after buying an additional 3,879 shares during the period. Crestwood Advisors Group LLC’s holdings in RTX were worth $5,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RTX. Brighton Jones LLC lifted its holdings in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares during the period. Revolve Wealth Partners LLC lifted its holdings in RTX by 3.4% in 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 lifted its holdings in 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 buying an additional 4,131 shares during the period. Schnieders Capital Management LLC. lifted its holdings in 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 buying an additional 623 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in RTX in the second quarter worth about $5,157,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of RTX opened at $176.21 on Friday. 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 twelve month low of $126.03 and a twelve month high of $214.50. The company has a market capitalization of $237.30 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 2.51 and a beta of 0.31. The firm has a 50 day moving average of $195.09 and a 200 day moving average of $188.74.

RTX (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 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 the consensus estimate of $21.38 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities research analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be given 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 yield of 1.7%. RTX’s payout ratio is presently 51.03%.

Insiders Place Their Bets

In other RTX news, 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 completion of the sale, the vice president owned 27,102 shares of the company’s stock, valued at approximately $5,455,632.60. The trade was a 23.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shane G. Eddy sold 17,527 shares of RTX stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $199.16, for a total transaction of $3,490,677.32. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,255 shares of company stock worth $18,151,956 in the last 90 days. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price objective on shares of RTX in a report on Thursday, March 5th. Wolfe Research restated an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. Sanford C. Bernstein restated a “market perform” rating and issued a $204.00 price objective on shares of RTX in a report on Thursday, January 29th. Finally, TD Cowen restated a “buy” rating on shares of RTX in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $206.59.

View Our Latest Report on RTX

RTX News Roundup

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RTX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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