Adell Harriman & Carpenter Inc. Raises Stake in RTX Corporation $RTX

Adell Harriman & Carpenter Inc. boosted its holdings in RTX Corporation (NYSE:RTX) by 7.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 107,546 shares of the company’s stock after buying an additional 7,582 shares during the period. RTX makes up about 1.2% of Adell Harriman & Carpenter Inc.’s investment portfolio, making the stock its 25th largest position. Adell Harriman & Carpenter Inc.’s holdings in RTX were worth $19,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BNP Paribas acquired a new stake in RTX in the 3rd quarter valued at $25,000. Navalign LLC acquired a new position in shares of RTX during the fourth quarter worth about $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of RTX in the third quarter worth about $30,000. Wexford Capital LP purchased a new stake in shares of RTX in the third quarter worth about $33,000. Finally, Dogwood Wealth Management LLC grew its stake in shares of RTX by 57.3% in the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Insider Transactions at RTX

In related news, EVP Ramsaran Maharajh sold 15,124 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $204.65, for a total value of $3,095,126.60. Following the sale, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,698,105.60. This trade represents a 53.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were 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 $12,242,331.36. This represents a 37.51% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 63,592 shares of company stock worth $13,023,502. 0.10% of the stock is currently owned by company insiders.

RTX Price Performance

Shares of NYSE RTX opened at $174.51 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $235.00 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 2.49 and a beta of 0.31. RTX Corporation has a twelve month low of $130.90 and a twelve month high of $214.50. The business has a 50 day simple moving average of $190.53 and a 200-day simple moving average of $188.77.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the business posted $1.47 EPS. The company’s quarterly 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 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 will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be issued 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 dividend payout ratio is currently 51.03%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Wolfe Research reaffirmed an “outperform” rating on shares of RTX in a research report on Wednesday, February 4th. Wells Fargo & Company initiated coverage on shares of RTX in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of RTX in a research report on Friday, April 10th. Finally, Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $210.75.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, won an Office of Naval Research contract to further develop software-defined radar for next-generation naval systems, a potential growth driver in a high-value defense market. RTX’s Raytheon awarded contract to further develop next-generation software-defined radar capability
• Positive Sentiment: Raytheon completed the preliminary design review for NASA’s Landsat Next Instrument Suite, signaling progress on a space program that could add future revenue and strengthen RTX’s sensors and space portfolio. RTX’s Raytheon completes design review of Landsat Next space instruments
• Neutral Sentiment: Brokerage sentiment remains constructive, with RTX rated an average “Moderate Buy,” which may help support investor confidence but does not materially change the near-term fundamentals. RTX Corporation (NYSE:RTX) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Several articles mentioning “RTX” relate to NVIDIA-branded gaming GPUs and laptops, not RTX Corporation, and are unlikely to affect the stock.

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.