RTX Corporation $RTX Shares Sold by Waterfront Wealth Inc.

Waterfront Wealth Inc. cut its stake in shares of RTX Corporation (NYSE:RTX) by 24.3% in the 1st quarter, Holdings Channel reports. The fund owned 10,219 shares of the company’s stock after selling 3,281 shares during the quarter. Waterfront Wealth Inc.’s holdings in RTX were worth $1,971,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas acquired a new position in shares of RTX in the third quarter valued at approximately $25,000. Navalign LLC acquired a new stake in shares of RTX during the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC purchased a new position in RTX in the 4th quarter valued at $26,000. Core Wealth Advisors LLC purchased a new position in RTX in the 4th quarter valued at $31,000. Finally, 1 North Wealth Services LLC increased its stake in RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 137 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is expanding European missile production through its Raytheon unit, including work with NATO and Diehl Defence to strengthen the missile supply chain and potentially double Stinger output. RTX Expands European Missile Production With NATO And Diehl Defence
• Positive Sentiment: RTX was named as one of the aerospace-defense stocks to watch as defense spending and aviation demand remain strong, reinforcing the bull case for the sector. 3 Aerospace-Defense Stocks to Buy Amid Strong Industry Tailwinds
• Positive Sentiment: Collins Aerospace opened a fully operational UK Engineering Center of Excellence, which should support next-generation aircraft systems development and certification work. RTX’s Collins Aerospace opens UK Engineering Center of Excellence
• Neutral Sentiment: Brokerage coverage continues to rate RTX as a “Moderate Buy,” suggesting Wall Street remains constructive but not materially changing the outlook today. RTX Receives Consensus Recommendation of Moderate Buy
• Neutral Sentiment: RTX was recently flagged as a trending stock by Zacks, but the piece is more of a readership/attention note than a clear operational catalyst. Is Trending Stock RTX Corporation (RTX) a Buy Now?
• Negative Sentiment: RTX saw a sharper one-day decline than the broader market in the most recent session, which may reflect profit-taking after the stock’s strong run. RTX Registers a Bigger Fall Than the Market: Important Facts to Note

Analysts Set New Price Targets

RTX has been the subject of a number of analyst reports. UBS Group cut their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Citigroup reiterated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Wells Fargo & Company assumed coverage on shares of RTX in a report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price target for the company. Finally, Erste Group Bank downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average price target of $211.38.

RTX Trading Up 0.0%

NYSE:RTX opened at $194.99 on Friday. RTX Corporation has a 1 year low of $143.56 and a 1 year high of $214.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The stock has a fifty day moving average price of $182.26 and a two-hundred day moving average price of $191.27. The stock has a market capitalization of $262.59 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 2.76 and a beta of 0.30.

RTX (NYSE:RTX) last issued its 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 company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.92 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio is presently 54.78%.

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.