Live Oak Private Wealth LLC Has $12.20 Million Holdings in RTX Corporation $RTX

Live Oak Private Wealth LLC trimmed its position in RTX Corporation (NYSE:RTX) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,242 shares of the company’s stock after selling 8,840 shares during the quarter. RTX accounts for 1.7% of Live Oak Private Wealth LLC’s holdings, making the stock its 17th biggest holding. Live Oak Private Wealth LLC’s holdings in RTX were worth $12,199,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RTX. Navalign LLC acquired a new stake in shares of RTX during the 4th quarter worth $25,000. Commonwealth Retirement Investments LLC acquired a new position in RTX in the fourth quarter valued at about $26,000. BNP Paribas bought a new stake in RTX during the third quarter worth about $25,000. Core Wealth Advisors LLC acquired a new stake in RTX during the fourth quarter worth about $31,000. Finally, 1 North Wealth Services LLC grew its stake in RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RTX. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Wells Fargo & Company assumed coverage on shares of RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 target price on shares of RTX in a research note on Thursday, March 5th. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings lowered RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

RTX Stock Performance

Shares of RTX stock opened at $185.27 on Thursday. The firm has a market capitalization of $249.50 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 2.64 and a beta of 0.31. 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 business’s 50-day moving average price is $180.81 and its 200-day moving average price is $189.93. RTX Corporation has a 12 month low of $140.47 and a 12 month high of $214.50.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping 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 firm had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the firm posted $1.47 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts forecast that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were paid a $0.73 dividend. This is a positive change from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. RTX’s payout ratio is presently 54.78%.

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.