Assetmark Inc. Reduces Position in RTX Corporation $RTX

Assetmark Inc. lessened its stake in shares of RTX Corporation (NYSE:RTX) by 12.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 226,213 shares of the company’s stock after selling 30,916 shares during the period. Assetmark Inc.’s holdings in RTX were worth $43,636,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. World Investment Advisors lifted its position in shares of RTX by 8.7% in the fourth quarter. World Investment Advisors now owns 62,448 shares of the company’s stock worth $11,453,000 after buying an additional 5,020 shares in the last quarter. Milestone Asset Management Group LLC grew its holdings in RTX by 34.7% during the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after buying an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in RTX in the 4th quarter worth approximately $2,308,000. Truist Financial Corp raised its holdings in shares of RTX by 2.3% during the 4th quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock worth $424,575,000 after acquiring an additional 53,045 shares in the last quarter. Finally, Wealth Science Advisors LLC purchased a new stake in shares of RTX during the 4th quarter worth approximately $1,439,000. Institutional investors own 86.50% of the company’s stock.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s Raytheon unit is expanding its footprint in fighter aircraft programs by supplying advanced avionics, sensors, electronic warfare systems and precision weapons, reinforcing its role in key U.S. defense platforms. Article Title
• Positive Sentiment: RTX’s Pratt & Whitney unit is advancing AI-enabled engine inspection capabilities through a deal with Aiir Innovations, which could improve maintenance efficiency and support higher-margin aftermarket services. Article Title
• Positive Sentiment: Investors are also looking ahead to RTX’s upcoming earnings report, with Wall Street expecting earnings growth and the possibility of another beat, which can support sentiment into the print. Article Title
• Neutral Sentiment: Recent reports about NVIDIA’s GeForce RTX gaming GPUs, including launch delays, hotspot temperature issues and SEGA collaborations, do not appear to be material drivers for RTX Corporation’s stock and are likely to be a naming coincidence.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on RTX shares. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Morgan Stanley lowered their price objective on shares of RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Finally, 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 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $211.38.

RTX Stock Performance

Shares of RTX stock opened at $193.66 on Friday. 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 stock’s fifty day moving average is $184.63 and its two-hundred day moving average is $191.62. RTX Corporation has a 52 week low of $143.56 and a 52 week high of $214.50. The company has a market capitalization of $260.80 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 2.66 and a beta of 0.30.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts expect that RTX Corporation will post 6.92 earnings per share for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio is presently 54.78%.

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.