Aaron Wealth Advisors LLC Buys 2,971 Shares of RTX Corporation $RTX

Aaron Wealth Advisors LLC increased its holdings in shares of RTX Corporation (NYSE:RTXFree Report) by 15.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,807 shares of the company’s stock after buying an additional 2,971 shares during the period. Aaron Wealth Advisors LLC’s holdings in RTX were worth $4,183,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in RTX. State Street Corp lifted its position in shares of RTX by 0.5% in the 2nd 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 period. Groupama Asset Managment acquired a new position in shares of RTX in the 3rd quarter worth approximately $150,078,000. Oppenheimer & Co. Inc. lifted its position in shares of RTX by 10.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock worth $28,648,000 after purchasing an additional 16,467 shares during the period. Coldstream Capital Management Inc. lifted its position in shares of RTX by 9.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 75,321 shares of the company’s stock worth $12,604,000 after purchasing an additional 6,566 shares during the period. Finally, Rockland Trust Co. lifted its position in shares of RTX by 121.1% in the 3rd quarter. Rockland Trust Co. now owns 20,245 shares of the company’s stock worth $3,388,000 after purchasing an additional 11,089 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Vertical Research restated a “buy” rating and issued a $227.00 price target on shares of RTX in a research report on Tuesday, January 27th. JPMorgan Chase & Co. boosted their price target on shares of RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada boosted their price target on shares of RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research report on Monday, December 29th. Finally, Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average price target of $204.44.

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Key RTX News

Here are the key news stories impacting RTX this week:

RTX Stock Up 1.1%

RTX stock opened at $198.28 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.51. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $214.50. The firm’s fifty day moving average is $200.32 and its 200 day moving average is $185.00. The company has a market capitalization of $266.88 billion, a PE ratio of 39.98, a PEG ratio of 2.84 and a beta of 0.43.

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

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Friday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, February 20th. RTX’s payout ratio is 54.84%.

Insider Buying and Selling at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,136 shares of the business’s stock in a transaction on Friday, February 13th. The shares were 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 approximately $5,455,632.60. The trade was a 23.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at $12,242,331.36. This trade represents a 37.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 89,255 shares of company stock worth $18,151,956 in the last ninety days. 0.10% of the stock is currently owned by corporate 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.

See Also

Institutional Ownership by Quarter for RTX (NYSE:RTX)

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