Cetera Trust Company N.A Buys New Shares in RTX Corporation $RTX

Cetera Trust Company N.A bought a new position in RTX Corporation (NYSE:RTX) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 18,102 shares of the company’s stock, valued at approximately $3,434,000. RTX accounts for approximately 1.7% of Cetera Trust Company N.A’s investment portfolio, making the stock its 12th biggest holding.

Several other hedge funds have also added to or reduced their stakes in RTX. Milestone Asset Management Group LLC grew its position in RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock worth $5,504,000 after acquiring an additional 7,738 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in RTX in the fourth quarter valued at approximately $2,308,000. Truist Financial Corp lifted its position in RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after purchasing an additional 53,045 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of RTX by 5.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 212,944 shares of the company’s stock valued at $39,054,000 after purchasing an additional 10,426 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in shares of RTX by 206.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 178,360 shares of the company’s stock worth $32,711,000 after purchasing an additional 120,094 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Insider Transactions at RTX

In other news, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the sale, the insider directly owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,952,161.28. The trade was a 50.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 29,222 shares of company stock valued at $6,362,003. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

RTX has been the topic of several analyst reports. Argus set a $245.00 target price on shares of RTX in a research note on Thursday, July 30th. Sanford C. Bernstein increased their price target on shares of RTX from $213.00 to $232.00 and gave the company a “market perform” rating in a research report on Monday, August 3rd. Citigroup reissued a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Royal Bank Of Canada boosted their price objective on shares of RTX from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, TD Cowen upped their price objective on shares of RTX from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $228.59.

RTX Price Performance

Shares of RTX stock opened at $209.22 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.78 and a current ratio of 1.01. RTX Corporation has a fifty-two week low of $150.61 and a fifty-two week high of $226.88. The firm has a market cap of $281.97 billion, a P/E ratio of 36.83, a P/E/G ratio of 2.50 and a beta of 0.29. The business’s 50 day moving average price is $204.25 and its 200-day moving average price is $195.53.

RTX (NYSE:RTX) last announced its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. RTX had a return on equity of 13.99% and a net margin of 8.28%.The company had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. During the same quarter in the prior year, the company earned $1.56 earnings per share. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities research analysts anticipate that RTX Corporation will post 7.22 earnings per share for the current year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.4%. RTX’s dividend payout ratio is 51.41%.

About RTX

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.