RTX Corporation $RTX Shares Bought by Allstate Corp

Allstate Corp grew its position in shares of RTX Corporation (NYSE:RTX) by 110.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,518 shares of the company’s stock after acquiring an additional 53,831 shares during the quarter. Allstate Corp’s holdings in RTX were worth $18,802,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of RTX. Brighton Jones LLC raised its stake in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares in the last quarter. United Bank raised its stake in shares of RTX by 68.0% during the second quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after purchasing an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. raised its position in RTX by 3.1% in the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after acquiring an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in RTX in the second quarter worth about $5,157,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $177.06 on Tuesday. The stock’s 50-day moving average price is $188.13 and its two-hundred day moving average price is $188.75. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a market cap of $238.45 billion, a PE ratio of 33.22, a PEG ratio of 2.51 and a beta of 0.31. RTX Corporation has a 1 year low of $130.90 and a 1 year high of $214.50.

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

RTX Increases Dividend

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

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: A bullish note on RTX said the stock could have about 14% upside to $201.85, supported by a $271 billion backlog, strong Q1 organic growth, and efficient cash flow generation. RTX Corporation: A Dual Cycle Profile In Play
• Positive Sentiment: Analyst coverage comparing AeroVironment and RTX reiterated RTX’s appeal as militaries increase spending on missile defense, autonomous systems, and integrated targeting technologies. AeroVironment vs. RTX: Which Aerospace-Defense Stock Has the Edge?
• Positive Sentiment: The same aerospace-defense comparison article was republished by Zacks, adding visibility to RTX’s defense-growth narrative. AeroVironment vs. RTX: Which Aerospace-Defense Stock Has the Edge?
• Neutral Sentiment: Several consumer tech stories referenced “RTX” in Nvidia GPU product names, but they are unrelated to RTX Corporation and should not materially affect the stock.
• Negative Sentiment: No clear company-specific negative catalyst appeared in the latest headlines; however, the stock remains well below its 50-day and 200-day moving averages, suggesting traders may still view the recent pullback cautiously.

Analyst Ratings Changes

Several equities research analysts have commented on RTX shares. DZ Bank cut shares of RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. TD Cowen reiterated a “buy” rating on shares of RTX in a research report on Tuesday, January 27th. Citigroup dropped their price target on shares of RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Robert W. Baird set a $225.00 price target on shares of RTX in a research report on Wednesday, January 28th. Finally, Morgan Stanley dropped their price target on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $210.75.

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.