Riverstone Advisors LLC Reduces Stake in RTX Corporation $RTX

Riverstone Advisors LLC decreased its position in RTX Corporation (NYSE:RTX) by 10.0% in the first quarter, Holdings Channel.com reports. The firm owned 53,245 shares of the company’s stock after selling 5,890 shares during the quarter. RTX comprises approximately 5.1% of Riverstone Advisors LLC’s investment portfolio, making the stock its 5th largest position. Riverstone Advisors LLC’s holdings in RTX were worth $10,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas bought a new stake in RTX during the third quarter worth about $25,000. Navalign LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of RTX in the 4th quarter worth approximately $26,000. Core Wealth Advisors LLC purchased a new stake in shares of RTX in the 4th quarter worth approximately $31,000. Finally, 1 North Wealth Services LLC grew its stake in shares of RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after buying an additional 137 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s board declared a quarterly cash dividend of 73 cents per share, reinforcing its shareholder-return profile and signaling management confidence in cash generation. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Raytheon, an RTX business, won a $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles, adding to backlog and highlighting continued demand from the U.S. military and allied nations. RTX’s Raytheon awarded $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles
• Positive Sentiment: Several recent articles continued to frame RTX as a long-term growth and defense beneficiary, which can support investor sentiment even without a new operational catalyst. Why RTX (RTX) is a Top Growth Stock for the Long-Term

RTX Stock Performance

Shares of RTX opened at $187.87 on Friday. 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 Corporation has a one year low of $141.93 and a one year high of $214.50. The firm has a market capitalization of $253.00 billion, a P/E ratio of 35.25, a PEG ratio of 2.64 and a beta of 0.31. The business has a fifty day moving average of $180.26 and a 200 day moving average of $190.03.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The company 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 revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts anticipate that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd were given a dividend of $0.73 per share. 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. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is currently 54.78%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RTX. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price objective 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 research note on Wednesday, June 10th. Morgan Stanley reduced their price target on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Finally, Citigroup reissued a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.38.

RTX Company 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.