CDM Financial Counseling Services Inc. Purchases Shares of 9,912 RTX Corporation $RTX

CDM Financial Counseling Services Inc. purchased a new stake in RTX Corporation (NYSE:RTXFree Report) during the fourth quarter, Holdings Channel reports. The firm purchased 9,912 shares of the company’s stock, valued at approximately $1,818,000. RTX comprises 1.7% of CDM Financial Counseling Services Inc.’s portfolio, making the stock its 15th biggest holding.

Other large investors have also recently bought and sold shares of the company. BNP Paribas bought a new stake in RTX in the third quarter valued at $25,000. Navalign LLC bought a new stake in RTX in the fourth quarter valued at $25,000. Valley Wealth Managers Inc. bought a new stake in RTX in the third quarter valued at $30,000. Wexford Capital LP bought a new stake in shares of RTX during the third quarter worth $33,000. Finally, Dogwood Wealth Management LLC grew its holdings in shares of RTX by 57.3% during the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Insider Activity

In other RTX news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $205.56, for a total value of $7,349,797.80. Following the transaction, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $12,242,331.36. This represents a 37.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ramsaran Maharajh sold 15,124 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $204.65, for a total value of $3,095,126.60. Following the completion of the transaction, the executive vice president directly owned 13,184 shares in the company, valued at $2,698,105.60. The trade was a 53.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 63,592 shares of company stock valued at $13,023,502 over the last 90 days. 0.10% of the stock is owned by company insiders.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

RTX Trading Down 0.0%

Shares of RTX opened at $171.11 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. RTX Corporation has a 12-month low of $130.90 and a 12-month high of $214.50. The firm has a market capitalization of $230.43 billion, a PE ratio of 32.10, a price-to-earnings-growth ratio of 2.43 and a beta of 0.31. The stock’s fifty day simple moving average is $191.79 and its 200-day simple moving average is $188.81.

RTX (NYSE:RTXGet Free Report) last issued its quarterly 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. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The firm’s revenue for the quarter 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, research analysts predict that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.7%. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s payout ratio is currently 51.03%.

Analyst Ratings Changes

Several brokerages have recently commented on RTX. Citigroup decreased their target price on RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Jefferies Financial Group decreased their target price on RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a report on Monday, April 13th. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. Morgan Stanley decreased their target price on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, TD Cowen restated a “buy” rating on shares of RTX in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $210.75.

Check Out Our Latest Analysis on RTX

About RTX

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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