Modera Wealth Management LLC Has $10.86 Million Stake in RTX Corporation $RTX

Modera Wealth Management LLC lifted its position in RTX Corporation (NYSE:RTX) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,301 shares of the company’s stock after buying an additional 2,684 shares during the quarter. Modera Wealth Management LLC’s holdings in RTX were worth $10,860,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Barings LLC bought a new position in shares of RTX during the 1st quarter valued at $251,000. Angeles Wealth Management LLC boosted its holdings in RTX by 8.6% in the first quarter. Angeles Wealth Management LLC now owns 13,777 shares of the company’s stock worth $2,658,000 after purchasing an additional 1,092 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. acquired a new position in RTX during the first quarter worth $10,866,000. Bessemer Group Inc. raised its holdings in RTX by 21.6% during the first quarter. Bessemer Group Inc. now owns 68,743 shares of the company’s stock valued at $13,262,000 after buying an additional 12,209 shares in the last quarter. Finally, Jag Capital Management LLC bought a new position in RTX during the first quarter valued at about $407,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Down 0.4%

Shares of RTX stock opened at $193.66 on Friday. RTX Corporation has a 1 year low of $143.56 and a 1 year high of $214.50. The firm’s fifty day simple moving average is $184.63 and its 200 day simple moving average is $191.62. The firm has a market capitalization of $260.80 billion, a P/E ratio of 36.33, a price-to-earnings-growth ratio of 2.66 and a beta of 0.30. 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 issued 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 firm had revenue of $22.08 billion during 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%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts predict that RTX Corporation will post 6.92 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio (DPR) is presently 54.78%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RTX. UBS Group decreased their price target on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Melius Research raised RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Wells Fargo & Company assumed coverage on RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price for the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of RTX in a research report on Wednesday, July 8th. Finally, Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $211.38.

Key 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.

RTX Profile

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.