Stonebridge Financial Group LLC MO Takes $667,000 Position in RTX Corporation $RTX

Stonebridge Financial Group LLC MO purchased a new stake in shares of RTX Corporation (NYSE:RTX) during the fourth quarter, Holdings Channel.com reports. The firm purchased 3,640 shares of the company’s stock, valued at approximately $667,000.

A number of other large investors have also made changes to their positions in the company. Milestone Asset Management Group LLC increased its stake in RTX by 34.7% in the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after buying an additional 7,738 shares during the period. Truist Financial Corp increased its stake in RTX by 2.3% in the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after buying an additional 53,045 shares during the period. Wealth Science Advisors LLC acquired a new position in RTX in the 4th quarter valued at approximately $1,439,000. Groupama Asset Managment acquired a new position in RTX in the 3rd quarter valued at approximately $150,078,000. Finally, Oppenheimer & Co. Inc. increased its stake in RTX by 10.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock valued at $28,648,000 after buying an additional 16,467 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In other news, EVP Ramsaran Maharajh sold 15,124 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $204.65, for a total value of $3,095,126.60. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,698,105.60. This represents a 53.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 8,136 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the completion of the transaction, the vice president owned 27,102 shares of the company’s stock, valued at approximately $5,455,632.60. This represents a 23.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 89,255 shares of company stock worth $18,151,956. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on RTX. Susquehanna reiterated a “positive” rating and issued a $230.00 price objective on shares of RTX in a research note on Thursday, January 15th. Vertical Research reiterated a “buy” rating and issued a $227.00 price objective on shares of RTX in a research note on Tuesday, January 27th. Wolfe Research reiterated an “outperform” rating on shares of RTX in a research note on Wednesday, February 4th. Jefferies Financial Group dropped their price objective on shares of RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. Finally, 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 objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.59.

RTX Price Performance

Shares of RTX stock opened at $178.96 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. RTX Corporation has a fifty-two week low of $129.11 and a fifty-two week high of $214.50. The firm has a fifty day moving average price of $193.85 and a two-hundred day moving average price of $188.89. The company has a market cap of $241.00 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.53 and a beta of 0.31.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating 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 firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the prior year, the firm earned $1.47 EPS. The business’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. Analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders 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 yield of 1.6%. RTX’s payout ratio is currently 51.03%.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon unit was selected to provide SeaRAM ship self-defense systems for Australia’s Sea3000 frigate program, adding another defense contract and reinforcing demand for the company’s naval systems. RTX’s Raytheon selected to provide SeaRAM for Australia’s new Mogami-class frigates
• Positive Sentiment: Collins Aerospace announced a $26.5 million expansion of its Largo, Florida facility to accelerate production of commercial aviation radars and defense security solutions, which could support revenue growth and improve capacity. RTX’s Collins Aerospace accelerates production with $26.5 million investment in Largo, Florida
• Neutral Sentiment: One article argues that investors may need to reassess RTX after its recent pullback, focusing on whether the stock’s valuation already reflects the company’s aerospace and defense strengths. Is It Time To Reassess RTX (RTX) After Recent Pullback In Aerospace And Defense Stocks

RTX Company 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.