Russell Investments Group Ltd. Purchases 61,116 Shares of RTX Corporation $RTX

Russell Investments Group Ltd. increased its position in shares of RTX Corporation (NYSE:RTXFree Report) by 7.7% during the 3rd quarter, Holdings Channel reports. The firm owned 854,535 shares of the company’s stock after purchasing an additional 61,116 shares during the quarter. Russell Investments Group Ltd.’s holdings in RTX were worth $142,928,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its position in shares of RTX by 0.5% during the 2nd quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after purchasing an additional 552,009 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of RTX by 1.2% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 1,317,166 shares of the company’s stock worth $192,333,000 after buying an additional 16,034 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in RTX by 10.6% during the third quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock valued at $28,648,000 after buying an additional 16,467 shares during the period. Rockland Trust Co. grew its position in RTX by 121.1% during the third quarter. Rockland Trust Co. now owns 20,245 shares of the company’s stock valued at $3,388,000 after buying an additional 11,089 shares during the period. Finally, Rafferty Asset Management LLC increased its holdings in RTX by 4.0% during the third quarter. Rafferty Asset Management LLC now owns 332,214 shares of the company’s stock worth $55,589,000 after buying an additional 12,927 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

NYSE:RTX opened at $208.21 on Tuesday. The business’s fifty day moving average is $198.00 and its 200 day moving average is $179.25. The firm has a market cap of $279.47 billion, a price-to-earnings ratio of 41.98, a PEG ratio of 3.03 and a beta of 0.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.80 and a current ratio of 1.03. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $214.50.

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

RTX Dividend Announcement

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

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 15,124 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,698,105.60. The trade was a 53.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the executive vice president directly owned 16,749 shares in the company, valued at $3,397,199.67. This trade represents a 43.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 89,255 shares of company stock valued at $18,151,956 in the last quarter. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on RTX. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a research report on Friday. Morgan Stanley restated an “overweight” rating and set a $235.00 price target on shares of RTX in a research note on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of RTX in a report on Tuesday, January 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research note on Monday, December 29th. Finally, Citigroup increased their price objective on RTX from $227.00 to $238.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $202.00.

Read Our Latest Research Report on RTX

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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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