Sharpepoint LLC Purchases Shares of 9,296 RTX Corporation $RTX

Sharpepoint LLC purchased a new stake in RTX Corporation (NYSE:RTX) during the 4th quarter, Holdings Channel reports. The firm purchased 9,296 shares of the company’s stock, valued at approximately $1,705,000.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after acquiring an additional 3,332 shares during the period. Revolve Wealth Partners LLC boosted its stake in RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares during the period. United Bank boosted its stake in RTX by 68.0% in the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after purchasing an additional 4,131 shares during the period. Schnieders Capital Management LLC. boosted its stake in RTX by 3.1% in the 2nd 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 during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in RTX in the 2nd quarter worth approximately $5,157,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group decreased their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Morgan Stanley decreased their price objective on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price objective on shares of RTX in a research note on Thursday, March 5th. Erste Group Bank downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

RTX Stock Down 2.2%

RTX stock opened at $177.50 on Thursday. The company has a market capitalization of $239.04 billion, a P/E ratio of 33.30, a P/E/G ratio of 2.57 and a beta of 0.31. The firm’s fifty day simple moving average is $183.40 and its 200-day simple moving average is $188.93. 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 1-year low of $135.43 and a 1-year high of $214.50.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. RTX’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Sell-side analysts forecast that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is 54.78%.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Jefferies upgraded RTX to Buy and raised its target price, signaling improved confidence in margins and growth prospects. Jefferies Upgrades RTX Corporation (RTX) To Buy From Hold
• Positive Sentiment: Collins Aerospace expanded its Malaysia MRO facility, strengthening RTX’s global aerospace services capabilities and adding exposure to recurring aftermarket revenue. RTX’s Collins Aerospace quadruples MRO footprint in Malaysia
• Positive Sentiment: Another report highlighted RTX’s Malaysia expansion as a potential boost to Asia-Pacific cash flow, reinforcing the demand-driven growth story. RTX Malaysia MRO Expansion Adds Asia Pacific Cash Flow Potential
• Positive Sentiment: RTX is also expanding missile-defense production and testing capacity, which supports future defense revenue as demand for air and missile defense systems stays strong. How Is RTX Expanding Missile Defense Production Capacity for Growth?
• Neutral Sentiment: Several gaming-PC and GPU articles referenced RTX-branded products, but these are about Nvidia graphics cards and do not appear to be meaningful catalysts for RTX Corporation’s stock. Walmart Has the Least Expensive GeForce RTX 5070 Ti Prebuilt Gaming PC Ahead of Prime Day
• Negative Sentiment: A news item about U.S. strikes against Iran could raise geopolitical uncertainty, though it is only an indirect watch item for RTX rather than a company-specific negative. U.S. Launches Retaliatory Strikes Against Iran — Defense Stocks, ETFs On Watch

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.