Apella Capital LLC Purchases 5,456 Shares of RTX Corporation $RTX

Apella Capital LLC raised its holdings in shares of RTX Corporation (NYSE:RTX) by 49.3% during the first quarter, HoldingsChannel.com reports. The firm owned 16,521 shares of the company’s stock after acquiring an additional 5,456 shares during the quarter. Apella Capital LLC’s holdings in RTX were worth $3,245,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RTX. BNP Paribas bought a new position in RTX in the third quarter valued at approximately $25,000. Navalign LLC bought a new stake in shares of RTX during the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of RTX during the 4th quarter valued at $26,000. Core Wealth Advisors LLC acquired a new position in shares of RTX in the 4th quarter valued at $31,000. Finally, 1 North Wealth Services LLC boosted its position in shares of RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.7%

NYSE:RTX opened at $186.34 on Friday. RTX Corporation has a 1 year low of $141.26 and a 1 year high of $214.50. The stock has a 50-day moving average price of $180.48 and a two-hundred day moving average price of $190.04. The stock has a market cap of $250.94 billion, a price-to-earnings ratio of 34.96, a PEG ratio of 2.62 and a beta of 0.31. 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 (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The company had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter last year, the firm posted $1.47 earnings per share. RTX’s revenue was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities analysts expect that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RTX shares. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Citigroup restated a “buy” rating on shares of RTX in a report on Wednesday, June 17th. Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Finally, Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $210.00 to $220.00 in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

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.