Tempo Wealth LLC Makes New Investment in RTX Corporation $RTX

Tempo Wealth LLC acquired a new stake in shares of RTX Corporation (NYSE:RTX) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 3,340 shares of the company’s stock, valued at approximately $613,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Milestone Asset Management Group LLC grew its position in RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after purchasing an additional 7,738 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of RTX in the fourth quarter worth approximately $2,308,000. Truist Financial Corp grew its holdings in shares of RTX by 2.3% during the fourth 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 last quarter. Wealth Science Advisors LLC bought a new stake in shares of RTX during the fourth quarter valued at approximately $1,439,000. Finally, Groupama Asset Managment purchased a new position in RTX in the 3rd quarter worth approximately $150,078,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on RTX. Weiss Ratings downgraded RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $240.00 price target on shares of RTX in a research note on Thursday, March 5th. Citigroup reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

RTX Stock Performance

RTX stock opened at $186.07 on Friday. 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 1 year low of $140.47 and a 1 year high of $214.50. The company has a market cap of $250.58 billion, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 2.73 and a beta of 0.31. The stock’s fifty day moving average price is $182.21 and its 200-day moving average price is $189.49.

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

RTX Increases Dividend

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

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.