Modera Wealth Management LLC Purchases 2,684 Shares of RTX Corporation $RTX

Modera Wealth Management LLC lifted its position in RTX Corporation (NYSE:RTX) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,301 shares of the company’s stock after purchasing an additional 2,684 shares during the quarter. Modera Wealth Management LLC’s holdings in RTX were worth $10,860,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Barings LLC acquired a new stake in RTX during the first quarter worth $251,000. Angeles Wealth Management LLC raised its stake in shares of RTX by 8.6% in the 1st quarter. Angeles Wealth Management LLC now owns 13,777 shares of the company’s stock valued at $2,658,000 after buying an additional 1,092 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of RTX in the 1st quarter valued at $10,866,000. Bessemer Group Inc. lifted its holdings in shares of RTX by 21.6% during the 1st quarter. Bessemer Group Inc. now owns 68,743 shares of the company’s stock worth $13,262,000 after acquiring an additional 12,209 shares during the period. Finally, Jag Capital Management LLC acquired a new stake in shares of RTX during the 1st quarter valued at about $407,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on RTX shares. Jefferies Financial Group reissued a “buy” rating on shares of RTX in a research note on Wednesday, July 8th. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Wells Fargo & Company initiated coverage on RTX in a report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price objective on the stock. UBS Group lowered their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 22nd. Finally, Citigroup reissued a “buy” rating on shares of RTX in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $211.38.

RTX Stock Down 0.4%

Shares of NYSE:RTX opened at $193.66 on Friday. The company’s fifty day moving average is $184.63 and its 200-day moving average is $191.62. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. RTX Corporation has a 52 week low of $143.56 and a 52 week high of $214.50. The company has a market capitalization of $260.80 billion, a PE ratio of 36.33, a P/E/G ratio of 2.66 and a beta of 0.30.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (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 analysts’ expectations of $21.38 billion. During the same quarter last year, the company posted $1.47 EPS. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts predict that RTX Corporation will post 6.92 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio (DPR) is presently 54.78%.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon unit is expanding its footprint in fighter aircraft programs by supplying advanced avionics, sensors, electronic warfare systems and precision weapons, reinforcing its role in key U.S. defense platforms. Article Title
• Positive Sentiment: RTX’s Pratt & Whitney unit is advancing AI-enabled engine inspection capabilities through a deal with Aiir Innovations, which could improve maintenance efficiency and support higher-margin aftermarket services. Article Title
• Positive Sentiment: Investors are also looking ahead to RTX’s upcoming earnings report, with Wall Street expecting earnings growth and the possibility of another beat, which can support sentiment into the print. Article Title
• Neutral Sentiment: Recent reports about NVIDIA’s GeForce RTX gaming GPUs, including launch delays, hotspot temperature issues and SEGA collaborations, do not appear to be material drivers for RTX Corporation’s stock and are likely to be a naming coincidence.

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.