JGP Wealth Management LLC Purchases 2,933 Shares of RTX Corporation $RTX

JGP Wealth Management LLC increased its position in RTX Corporation (NYSE:RTX) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 82,053 shares of the company’s stock after acquiring an additional 2,933 shares during the quarter. RTX comprises 1.4% of JGP Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. JGP Wealth Management LLC’s holdings in RTX were worth $15,568,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Navalign LLC bought a new position in RTX during the fourth quarter worth about $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of RTX in the fourth quarter valued at approximately $26,000. Core Wealth Advisors LLC bought a new stake in shares of RTX in the fourth quarter valued at approximately $31,000. 1 North Wealth Services LLC lifted its stake in shares of RTX by 456.7% during 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 in the last quarter. Finally, Evergreen Advisors LLC purchased a new stake in shares of RTX during the 1st quarter valued at approximately $31,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Susquehanna raised their price target on RTX from $235.00 to $245.00 and gave the stock a “positive” rating in a report on Friday, July 24th. Jefferies Financial Group set a $250.00 price target on RTX in a research report on Sunday, July 26th. Royal Bank Of Canada boosted their price objective on RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Morgan Stanley reissued an “overweight” rating and set a $240.00 price objective on shares of RTX in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.59.

Insiders Place Their Bets

In related news, VP Kevin G. Dasilva sold 2,250 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total transaction of $488,092.50. Following the transaction, the vice president owned 20,099 shares of the company’s stock, valued at approximately $4,360,076.07. This trade represents a 10.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction on Friday, July 24th. The stock was sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the transaction, the insider owned 8,809 shares in the company, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,567 shares of company stock valued at $3,304,375 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, delivered and installed the first SPY-6(V)4 radar array at Wallops Island for the U.S. Navy’s Flight IIA Arleigh Burke-class destroyer modernization and backfit program. Extensive testing is expected next. The milestone demonstrates progress on a strategically important defense program and could support future orders and revenue visibility. RTX Delivers First SPY 6(V)4 Radar Array For Navy Destroyer Upgrade
• Positive Sentiment: RTX was identified by Zacks as a highly ranked momentum stock, reflecting its recent share-price strength and favorable market sentiment. However, the ranking is based primarily on momentum factors rather than a new company-specific contract or earnings update. RTX Is a Top-Ranked Momentum Stock
• Neutral Sentiment: An investment article cited RTX as one of the companies whose pension obligations were transferred to Prudential Financial through pension risk-transfer transactions. The reference provides little new information about RTX’s operations or financial outlook and is unlikely to be a major stock catalyst. Higher Rates Are Here to Stay, and These Dividend Stocks Like It That Way

RTX Trading Up 2.0%

NYSE RTX opened at $222.37 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $299.70 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 2.60 and a beta of 0.29. The stock’s 50-day simple moving average is $193.64 and its two-hundred day simple moving average is $193.64. RTX Corporation has a twelve month low of $150.61 and a twelve month high of $222.82.

RTX (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. The company had revenue of $24.71 billion for the quarter, compared to analysts’ expectations of $22.89 billion. RTX had a return on equity of 13.99% and a net margin of 8.28%.RTX’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts forecast that RTX Corporation will post 7.21 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid 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 1.3%. RTX’s dividend payout ratio (DPR) is 51.41%.

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.