Rossmore Private Capital Has $13.98 Million Stake in RTX Corporation $RTX

Rossmore Private Capital raised its stake in shares of RTX Corporation (NYSE:RTXFree Report) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,233 shares of the company’s stock after buying an additional 4,686 shares during the period. RTX comprises about 1.2% of Rossmore Private Capital’s investment portfolio, making the stock its 18th biggest holding. Rossmore Private Capital’s holdings in RTX were worth $13,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of RTX by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after purchasing an additional 2,210,950 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of RTX by 1.1% during the 3rd quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock valued at $12,750,087,000 after purchasing an additional 799,155 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of RTX by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 21,174,194 shares of the company’s stock valued at $3,543,078,000 after purchasing an additional 575,004 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of RTX by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,642,723 shares of the company’s stock valued at $1,278,740,000 after purchasing an additional 147,940 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of RTX by 13.4% during the 3rd quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock valued at $1,199,338,000 after purchasing an additional 846,656 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 15,124 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,698,105.60. This represents a 53.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 12,713 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the transaction, the executive vice president owned 16,749 shares in the company, valued at $3,397,199.67. The trade was a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 63,592 shares of company stock valued at $13,023,502. 0.10% of the stock is currently owned by insiders.

RTX News Roundup

Here are the key news stories impacting RTX this week:

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RTX shares. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. Citigroup dropped their target price on shares of RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Vertical Research reiterated a “buy” rating and issued a $227.00 target price on shares of RTX in a report on Tuesday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $204.00 target price on shares of RTX in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.75.

Read Our Latest Research Report on RTX

RTX Stock Performance

NYSE RTX opened at $171.11 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The company’s fifty day moving average is $191.79 and its two-hundred day moving average is $188.81. RTX Corporation has a 52-week low of $130.90 and a 52-week high of $214.50. The firm has a market capitalization of $230.43 billion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 2.43 and a beta of 0.31.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts forecast that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This is a positive change from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s payout ratio is currently 51.03%.

RTX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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