Evolve Private Wealth LLC Buys 3,197 Shares of RTX Corporation $RTX

Evolve Private Wealth LLC lifted its stake in shares of RTX Corporation (NYSE:RTX) by 31.7% during the first quarter, Holdings Channel reports. The fund owned 13,273 shares of the company’s stock after buying an additional 3,197 shares during the quarter. Evolve Private Wealth LLC’s holdings in RTX were worth $2,560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Alpha Cubed Investments LLC increased its stake in RTX by 0.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after purchasing an additional 50 shares in the last quarter. LeConte Wealth Management LLC boosted its position in shares of RTX by 2.3% during the 4th quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock worth $412,000 after purchasing an additional 51 shares in the last quarter. Rydar Equities Inc. grew its stake in shares of RTX by 0.4% in the 4th quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock valued at $2,480,000 after buying an additional 52 shares during the period. Schulhoff & Co. Inc. grew its stake in shares of RTX by 1.7% in the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock valued at $585,000 after buying an additional 52 shares during the period. Finally, Howard Capital Management Inc. increased its position in RTX by 0.4% in the 4th quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock valued at $2,263,000 after buying an additional 53 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on RTX in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price target on the stock. Citigroup reissued a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Morgan Stanley lowered their target price on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $211.38.

RTX Stock Performance

NYSE RTX opened at $181.97 on Tuesday. The company has a fifty day moving average price of $181.43 and a 200-day moving average price of $189.71. The firm has a market cap of $245.06 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 2.63 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 1 year low of $140.47 and a 1 year high of $214.50.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share 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 company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period last year, the firm earned $1.47 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities research analysts predict that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is 54.78%.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is highlighted for expanding connected aviation capabilities through advanced avionics, communications, and data-management technologies, reinforcing its growth story in commercial aerospace and defense electronics. How Is RTX Advancing Connectivity Across Modern Aviation Systems?
• Positive Sentiment: Coverage noting record defense backlogs and higher military spending supports the broader defense contractor group, which can be favorable for RTX’s long-term order visibility and earnings outlook. Defense ETFs to Buy Now as Record Backlogs Signal Sustained Growth
• Neutral Sentiment: RTX’s sale of Blue Canyon Technologies to MDA Space may help sharpen strategic focus, but the transaction also reduces exposure to part of the small-satellite market, making the overall impact mixed. RTX (RTX) Sells Blue Canyon As China Export Curbs Add Supply Risk
• Negative Sentiment: New Chinese export controls on rare earth and defense-related materials add fresh supply-chain uncertainty for RTX and other U.S. defense contractors, potentially raising costs and complicating sourcing. RTX (RTX) Sells Blue Canyon As China Export Curbs Add Supply Risk

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.