Patten & Patten Inc. TN Reduces Stock Position in RTX Corporation $RTX

Patten & Patten Inc. TN lessened its holdings in RTX Corporation (NYSE:RTX) by 3.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 147,845 shares of the company’s stock after selling 5,398 shares during the period. RTX comprises approximately 1.6% of Patten & Patten Inc. TN’s holdings, making the stock its 11th biggest position. Patten & Patten Inc. TN’s holdings in RTX were worth $27,115,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RTX. BNP Paribas bought a new stake in RTX during the 3rd quarter worth approximately $25,000. Valley Wealth Managers Inc. bought a new stake in shares of RTX during the third quarter valued at approximately $30,000. Wexford Capital LP bought a new stake in RTX in the third quarter worth $33,000. Dogwood Wealth Management LLC increased its position in RTX by 57.3% in the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the last quarter. Finally, Imprint Wealth LLC bought a new stake in RTX in the third quarter worth $35,000. Institutional investors own 86.50% of the company’s stock.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX won an $833 million U.S. Navy contract to build SeaSparrow missiles over five years, reinforcing demand for its defense portfolio and adding to its multiyear backlog. Article: Forget the Iran War. Threats from Russia and China Just Won RTX an $833 Million Missile Contract.
• Positive Sentiment: Raytheon, an RTX business, received its largest SharpSight radar order to date, and the company is also expanding defense production capacity, which could support future revenue growth and improve delivery times. Article: Will Record SharpSight Radar Order and Capacity Ramp Change RTX’s Defense Narrative?
• Positive Sentiment: Pratt & Whitney completed a fully digital assembly readiness review for the XA103 engine in the U.S. Air Force’s NGAP program, signaling progress on a high-profile advanced propulsion opportunity. Article: RTX’s Pratt & Whitney completes fully digital assembly readiness review for NGAP engine
• Positive Sentiment: Erste Group slightly raised its FY2026 EPS estimate for RTX to $6.92, suggesting analysts see stable earnings momentum near consensus expectations. Reference: RTX stock page and related analyst update
• Neutral Sentiment: RBC said higher fuel prices pose limited risk to RTX’s aerospace aftermarket business, which may ease investor worries but does not materially change the growth outlook. Article: RTX Sees Limited Risks to Aerospace Aftermarket From Higher Fuel Prices, RBC Says
• Neutral Sentiment: Zacks noted RTX has outperformed its industry over the past three months on defense contracts, sensor deliveries and factory investments, reinforcing a constructive but already recognized setup. Article: RTX Outperforms Industry in the Past 3 Months: How to Play the Stock?

RTX Stock Down 0.3%

Shares of RTX opened at $176.21 on Friday. The company has a market capitalization of $237.30 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.51 and a beta of 0.31. RTX Corporation has a 52 week low of $126.03 and a 52 week high of $214.50. The stock’s 50-day moving average price is $195.09 and its 200-day moving average price is $188.74. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts predict that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.7%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio is 51.03%.

Analysts Set New Price Targets

Several research firms have commented on RTX. Wolfe Research reaffirmed an “outperform” rating on shares of RTX in a research note on Wednesday, February 4th. Morgan Stanley decreased their price objective on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, April 22nd. TD Cowen reaffirmed a “buy” rating on shares of RTX in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $240.00 price target on shares of RTX in a research report on Thursday, March 5th. Finally, Royal Bank Of Canada increased their price target 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 analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.59.

Insider Transactions at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of RTX stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $205.56, for a total value of $7,349,797.80. Following the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $12,242,331.36. This trade represents a 37.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kevin G. Dasilva sold 8,136 shares of RTX 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 directly 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 have sold 89,255 shares of company stock worth $18,151,956 in the last ninety days. Company insiders own 0.10% of the company’s stock.

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.