Waterfront Wealth Inc. Decreases Stock Holdings in RTX Corporation $RTX

Waterfront Wealth Inc. lowered its position in shares of RTX Corporation (NYSE:RTX) by 24.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,219 shares of the company’s stock after selling 3,281 shares during the period. Waterfront Wealth Inc.’s holdings in RTX were worth $1,971,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in RTX during the 4th quarter worth about $3,167,626,000. Auto Owners Insurance Co increased its holdings in shares of RTX by 24,730.9% in the 4th quarter. Auto Owners Insurance Co now owns 10,102,956 shares of the company’s stock valued at $1,852,882,000 after acquiring an additional 10,062,269 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of RTX by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after acquiring an additional 2,210,950 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of RTX by 1,545.1% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,723,710 shares of the company’s stock worth $316,128,000 after acquiring an additional 1,618,933 shares in the last quarter. Finally, Amundi raised its position in shares of RTX by 49.1% during the 4th quarter. Amundi now owns 4,402,120 shares of the company’s stock worth $807,349,000 after acquiring an additional 1,450,596 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is expanding European missile production through its Raytheon unit, including work with NATO and Diehl Defence to strengthen the missile supply chain and potentially double Stinger output. RTX Expands European Missile Production With NATO And Diehl Defence
• Positive Sentiment: RTX was named as one of the aerospace-defense stocks to watch as defense spending and aviation demand remain strong, reinforcing the bull case for the sector. 3 Aerospace-Defense Stocks to Buy Amid Strong Industry Tailwinds
• Positive Sentiment: Collins Aerospace opened a fully operational UK Engineering Center of Excellence, which should support next-generation aircraft systems development and certification work. RTX’s Collins Aerospace opens UK Engineering Center of Excellence
• Neutral Sentiment: Brokerage coverage continues to rate RTX as a “Moderate Buy,” suggesting Wall Street remains constructive but not materially changing the outlook today. RTX Receives Consensus Recommendation of Moderate Buy
• Neutral Sentiment: RTX was recently flagged as a trending stock by Zacks, but the piece is more of a readership/attention note than a clear operational catalyst. Is Trending Stock RTX Corporation (RTX) a Buy Now?
• Negative Sentiment: RTX saw a sharper one-day decline than the broader market in the most recent session, which may reflect profit-taking after the stock’s strong run. RTX Registers a Bigger Fall Than the Market: Important Facts to Note

RTX Trading Up 0.0%

NYSE:RTX opened at $194.99 on Friday. The stock’s 50 day moving average price is $182.26 and its 200 day moving average price is $191.27. The company has a market capitalization of $262.59 billion, a PE ratio of 36.58, a P/E/G ratio of 2.76 and a beta of 0.30. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. RTX Corporation has a 52-week low of $143.56 and a 52-week high of $214.50.

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

RTX Announces Dividend

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

Wall Street Analysts Forecast Growth

RTX has been the subject of several recent analyst reports. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. UBS Group cut their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Citigroup restated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Morgan Stanley dropped their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of RTX in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.38.

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.