Mariner LLC Boosts Stock Position in RTX Corporation $RTX

Mariner LLC grew its holdings in RTX Corporation (NYSE:RTX) by 14.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 461,312 shares of the company’s stock after acquiring an additional 59,181 shares during the quarter. Mariner LLC’s holdings in RTX were worth $84,613,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Navalign LLC purchased a new stake in shares of RTX in the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of RTX in the fourth quarter valued at approximately $26,000. BNP Paribas purchased a new stake in shares of RTX in the third quarter valued at approximately $25,000. Core Wealth Advisors LLC acquired a new stake in shares of RTX in the fourth quarter worth approximately $31,000. Finally, 1 North Wealth Services LLC boosted its stake in shares of RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 137 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on RTX shares. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Jefferies Financial Group raised RTX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $210.00 to $220.00 in a research note on Thursday, June 4th. Wells Fargo & Company started coverage on RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $240.00 price target on shares of RTX in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $211.38.

RTX Stock Performance

NYSE RTX opened at $183.46 on Tuesday. The stock’s fifty day moving average is $182.75 and its two-hundred day moving average is $189.18. The firm has a market capitalization of $247.06 billion, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 2.60 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. RTX Corporation has a fifty-two week low of $140.47 and a fifty-two week high of $214.50.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The company had revenue of $22.08 billion for 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%.The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, research analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, May 22nd. RTX’s dividend payout ratio is presently 54.78%.

RTX Company 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.