RTX Corporation $RTX Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its stake in shares of RTX Corporation (NYSE:RTXFree Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,151 shares of the company’s stock after buying an additional 2,869 shares during the period. DAVENPORT & Co LLC’s holdings in RTX were worth $20,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. Innova Wealth Partners lifted its position in shares of RTX by 3.5% during the 4th quarter. Innova Wealth Partners now owns 1,597 shares of the company’s stock valued at $293,000 after acquiring an additional 54 shares during the period. Zullo Investment Group Inc. grew its holdings in shares of RTX by 1.2% in the 3rd quarter. Zullo Investment Group Inc. now owns 4,713 shares of the company’s stock worth $789,000 after acquiring an additional 56 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of RTX by 0.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 16,465 shares of the company’s stock worth $2,755,000 after acquiring an additional 57 shares during the period. Uptick Partners LLC increased its stake in RTX by 1.7% in the 3rd quarter. Uptick Partners LLC now owns 3,327 shares of the company’s stock valued at $557,000 after purchasing an additional 57 shares in the last quarter. Finally, Colonial Trust Co SC raised its holdings in RTX by 0.4% during the third quarter. Colonial Trust Co SC now owns 15,062 shares of the company’s stock worth $2,520,000 after purchasing an additional 57 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $204.00 target price on shares of RTX in a report on Thursday, January 29th. Wolfe Research reaffirmed an “outperform” rating on shares of RTX in a research note on Wednesday, February 4th. TD Cowen reiterated a “buy” rating on shares of RTX in a research report on Tuesday, January 27th. JPMorgan Chase & Co. raised their target price on shares of RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Finally, Robert W. Baird set a $225.00 target price on shares of RTX in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $202.00.

Check Out Our Latest Stock Report on RTX

RTX Stock Performance

NYSE RTX opened at $195.07 on Thursday. 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 fifty-two week low of $112.27 and a fifty-two week high of $214.50. The business has a fifty day moving average of $201.06 and a 200-day moving average of $182.72. The stock has a market cap of $262.56 billion, a price-to-earnings ratio of 39.33, a price-to-earnings-growth ratio of 2.81 and a beta of 0.42.

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

RTX Dividend Announcement

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

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 12,713 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the sale, the executive vice president owned 16,749 shares in the company, valued at approximately $3,397,199.67. This trade represents a 43.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin G. Dasilva sold 8,136 shares of RTX stock in a transaction that occurred on Friday, February 13th. The stock was 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 of the company’s stock, valued at $5,455,632.60. The trade was a 23.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 89,255 shares of company stock valued at $18,151,956. Corporate insiders own 0.10% of the company’s stock.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

RTX 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

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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