RTX Corporation (RTX) To Go Ex-Dividend on May 22nd

RTX Corporation (NYSE:RTX) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.73 per share on Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, May 22nd. This is a 7.4% increase from RTX’s previous quarterly dividend of $0.68.

RTX has decreased its dividend payment by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 5 years. RTX has a payout ratio of 40.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect RTX to earn $7.53 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 36.1%.

RTX Stock Performance

Shares of RTX opened at $174.20 on Friday. The company has a market cap of $234.60 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 2.50 and a beta of 0.31. The firm has a 50-day moving average of $196.65 and a 200-day moving average of $187.94. RTX has a one year low of $126.03 and a one year high of $214.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts forecast that RTX will post 6.91 earnings per share for the current year.

Insider Buying and Selling

In other RTX news, EVP Dantaya M. Williams sold 12,713 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $202.83, for a total value of $2,578,577.79. Following the completion of the sale, the executive vice president owned 16,749 shares of the company’s stock, valued at $3,397,199.67. The trade was a 43.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the transaction, the executive vice president owned 59,556 shares in the company, valued at approximately $12,242,331.36. The trade was a 37.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,255 shares of company stock valued at $18,151,956 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RTX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares in the last quarter. United Bank lifted its holdings in shares of RTX by 68.0% during the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after acquiring an additional 4,131 shares during the period. Schnieders Capital Management LLC. boosted its position in shares of RTX by 3.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after acquiring an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in RTX in the second quarter valued at approximately $5,157,000. 86.50% of the stock is owned by institutional investors and hedge funds.

About RTX

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.