Elevation Point Wealth Partners LLC Grows Stock Position in RTX Corporation $RTX

Elevation Point Wealth Partners LLC grew its holdings in shares of RTX Corporation (NYSE:RTX) by 82.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,117 shares of the company’s stock after acquiring an additional 25,419 shares during the period. Elevation Point Wealth Partners LLC’s holdings in RTX were worth $10,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares in the last quarter. United Bank boosted its stake in shares of RTX by 68.0% in the second quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after acquiring an additional 4,131 shares during the period. Schnieders Capital Management LLC. grew its position in shares of RTX by 3.1% during the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after purchasing an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in RTX during the 2nd quarter valued at approximately $5,157,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RTX shares. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Citigroup reiterated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 target price on shares of RTX in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $211.38.

RTX Trading Up 3.7%

NYSE:RTX opened at $198.88 on Friday. The company has a market capitalization of $267.83 billion, a P/E ratio of 37.31, a PEG ratio of 2.72 and a beta of 0.30. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. RTX Corporation has a 12 month low of $142.98 and a 12 month high of $214.50. The firm has a fifty day simple moving average of $180.10 and a 200-day simple moving average of $190.62.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating 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 firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities research analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be issued a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio is currently 54.78%.

RTX Company 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.