RTX Corporation $RTX Stock Position Cut by Essex Financial Services Inc.

Essex Financial Services Inc. lessened its stake in RTX Corporation (NYSE:RTX) by 3.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,051 shares of the company’s stock after selling 2,850 shares during the period. RTX accounts for 0.8% of Essex Financial Services Inc.’s portfolio, making the stock its 23rd biggest holding. Essex Financial Services Inc.’s holdings in RTX were worth $13,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas bought a new position in RTX in the 3rd quarter valued at about $25,000. Navalign LLC bought a new position in RTX in the 4th quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new position in RTX in the 3rd quarter valued at about $30,000. Core Wealth Advisors LLC bought a new position in RTX in the 4th quarter valued at about $31,000. Finally, Wexford Capital LP bought a new position in RTX in the 3rd quarter valued at about $33,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $179.16 on Friday. RTX Corporation has a twelve month low of $131.90 and a twelve month high of $214.50. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $241.27 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 2.55 and a beta of 0.31. The firm has a 50-day moving average of $186.04 and a two-hundred day moving average of $188.74.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating 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 company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts expect that RTX Corporation will post 6.91 earnings per share for the current fiscal 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 boost from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s payout ratio is currently 54.78%.

Analyst Ratings Changes

A number of brokerages recently issued reports on RTX. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. UBS Group cut their price target on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Wolfe Research reissued an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. Finally, Citigroup cut their price target on shares of RTX from $238.00 to $226.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $210.75.

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.