Xponance Inc. Lowers Stake in RTX Corporation $RTX

Xponance Inc. cut its stake in RTX Corporation (NYSE:RTX) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,171 shares of the company’s stock after selling 9,116 shares during the period. Xponance Inc.’s holdings in RTX were worth $29,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. LFA Lugano Financial Advisors SA bought a new stake in shares of RTX during the second quarter valued at approximately $29,000. Valley Wealth Managers Inc. bought a new stake in RTX during the 3rd quarter valued at $30,000. Access Investment Management LLC bought a new position in shares of RTX during the 2nd quarter worth $31,000. SOA Wealth Advisors LLC. increased its stake in shares of RTX by 57.4% during the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock valued at $32,000 after buying an additional 70 shares during the period. Finally, Dogwood Wealth Management LLC raised its holdings in shares of RTX by 57.3% in the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.8%

Shares of NYSE:RTX opened at $197.53 on Friday. The business’s 50-day moving average is $194.87 and its 200 day moving average is $176.39. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.80. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $206.73. The firm has a market capitalization of $265.14 billion, a P/E ratio of 39.82, a P/E/G ratio of 2.83 and a beta of 0.43.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.08. RTX had a return on equity of 13.08% and a net margin of 7.60%.The business had revenue of $24.24 billion during the quarter, compared to the consensus estimate of $22.65 billion. During the same quarter last year, the company earned $1.54 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, research analysts predict that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Friday, February 20th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.4%. RTX’s dividend payout ratio (DPR) is currently 54.84%.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 17,527 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $199.16, for a total value of $3,490,677.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dantaya M. Williams sold 12,713 shares of the 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 transaction, the executive vice president directly owned 16,749 shares in the company, valued at $3,397,199.67. This represents a 43.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 89,255 shares of company stock worth $18,151,956 over the last 90 days. Insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on RTX. Wolfe Research reissued an “outperform” rating on shares of RTX in a research report on Wednesday, February 4th. Royal Bank Of Canada boosted their price objective on shares of RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Vertical Research reaffirmed a “buy” rating and set a $227.00 target price on shares of RTX in a research report on Tuesday, January 27th. DZ Bank downgraded RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Finally, BNP Paribas Exane assumed coverage on RTX in a research report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $199.50.

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.