Americana Partners LLC Has $36.96 Million Stake in RTX Corporation $RTX

Americana Partners LLC reduced its position in RTX Corporation (NYSE:RTX) by 2.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 201,517 shares of the company’s stock after selling 4,387 shares during the period. RTX accounts for 1.0% of Americana Partners LLC’s investment portfolio, making the stock its 27th biggest holding. Americana Partners LLC’s holdings in RTX were worth $36,958,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Navalign LLC acquired a new stake in shares of RTX during the fourth quarter worth $25,000. BNP Paribas acquired a new stake in shares of RTX in the third quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new position in RTX during the third quarter worth approximately $30,000. Wexford Capital LP acquired a new position in shares of RTX in the third quarter valued at approximately $33,000. Finally, Dogwood Wealth Management LLC grew its position in shares of RTX by 57.3% in the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at RTX

In other RTX news, EVP Dantaya M. Williams sold 12,713 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 16,749 shares in the company, valued at $3,397,199.67. This represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Wolfe Research reaffirmed an “outperform” rating on shares of RTX in a research report on Wednesday, February 4th. Morgan Stanley decreased 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price target on shares of RTX in a report on Thursday, March 5th. Finally, Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $210.75.

RTX Stock Up 0.6%

RTX opened at $177.06 on Friday. The company has a fifty day moving average price of $188.64 and a 200-day moving average price of $188.66. The firm has a market capitalization of $238.45 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.49 and a beta of 0.31. 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 $130.90 and a one year high of $214.50.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the business earned $1.47 EPS. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts expect that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.73 per share. The ex-dividend date is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio (DPR) is currently 51.03%.

RTX 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.