PFG Advisors Purchases 3,000 Shares of RTX Corporation $RTX

PFG Advisors raised its position in shares of RTX Corporation (NYSE:RTXFree Report) by 9.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 34,006 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. PFG Advisors’ holdings in RTX were worth $5,690,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of RTX by 0.6% during the third quarter. Vanguard Group Inc. now owns 122,775,221 shares of the company’s stock valued at $20,543,978,000 after acquiring an additional 700,487 shares during the last quarter. State Street Corp grew its stake in shares of RTX by 0.5% in the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after purchasing an additional 552,009 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of RTX by 2.8% in the third quarter. Fisher Asset Management LLC now owns 21,174,194 shares of the company’s stock worth $3,543,078,000 after purchasing an additional 575,004 shares during the last quarter. Norges Bank purchased a new position in RTX during the 2nd quarter valued at about $2,359,602,000. Finally, Massachusetts Financial Services Co. MA raised its position in RTX by 9.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock valued at $2,330,215,000 after purchasing an additional 1,361,071 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RTX shares. TD Cowen reiterated a “buy” rating on shares of RTX in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 target price on shares of RTX in a research note on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a report on Monday, December 29th. Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. Finally, Royal Bank Of Canada boosted their price objective on shares of RTX from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.00.

Get Our Latest Analysis on RTX

RTX Stock Up 2.9%

Shares of NYSE:RTX opened at $209.70 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $197.52 and a two-hundred day simple moving average of $178.89. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $214.50. The stock has a market capitalization of $281.48 billion, a price-to-earnings ratio of 42.28, a PEG ratio of 3.03 and a beta of 0.42.

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

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, February 20th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 1.3%. RTX’s dividend payout ratio (DPR) is 54.84%.

Trending Headlines about RTX

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Insider Activity at RTX

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 transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,698,105.60. This represents a 53.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,136 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the completion of the sale, the vice president owned 27,102 shares in the company, valued at $5,455,632.60. This represents a 23.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 89,255 shares of company stock valued at $18,151,956 over the last three months. 0.15% of the stock is owned by insiders.

RTX Company 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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