Axxcess Wealth Management LLC Increases Stock Holdings in RTX Corporation $RTX

Axxcess Wealth Management LLC increased its position in shares of RTX Corporation (NYSE:RTX) by 12.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 61,711 shares of the company’s stock after acquiring an additional 6,695 shares during the quarter. Axxcess Wealth Management LLC’s holdings in RTX were worth $11,318,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. BNP Paribas purchased a new stake in shares of RTX during the 3rd quarter valued at approximately $25,000. Navalign LLC purchased a new position in RTX in the fourth quarter worth approximately $25,000. Commonwealth Retirement Investments LLC purchased a new position in RTX in the fourth quarter worth approximately $26,000. Core Wealth Advisors LLC acquired a new stake in RTX during the fourth quarter worth $31,000. Finally, 1 North Wealth Services LLC increased its stake in RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 137 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RTX has been the topic of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of RTX in a research note on Wednesday. Jefferies Financial Group raised RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $210.00 to $220.00 in a research report on Thursday, June 4th. Wells Fargo & Company initiated coverage on shares of RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 target price on shares of RTX in a research report on Thursday, March 5th. Finally, Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $211.38.

RTX Stock Performance

NYSE:RTX opened at $186.07 on Friday. RTX Corporation has a 52 week low of $140.47 and a 52 week high of $214.50. The company has a fifty day simple moving average of $182.21 and a two-hundred day simple moving average of $189.49. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The company has a market cap of $250.58 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 2.73 and a beta of 0.31.

RTX (NYSE:RTX) last announced its quarterly earnings data 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 business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

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