1,151,388 Shares in RTX Corporation $RTX Acquired by Cullen Capital Management LLC

Cullen Capital Management LLC purchased a new position in RTX Corporation (NYSE:RTX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,151,388 shares of the company’s stock, valued at approximately $218,453,000. RTX accounts for about 2.1% of Cullen Capital Management LLC’s investment portfolio, making the stock its 14th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RTX. Milestone Asset Management Group LLC raised its holdings in shares of RTX by 34.7% during the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after acquiring an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in RTX in the fourth quarter worth $2,308,000. Truist Financial Corp boosted its holdings in RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after acquiring an additional 53,045 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in RTX by 5.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 212,944 shares of the company’s stock valued at $39,054,000 after purchasing an additional 10,426 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in RTX by 206.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 178,360 shares of the company’s stock worth $32,711,000 after purchasing an additional 120,094 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Insider Activity at RTX

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Troy D. Brunk sold 8,557 shares of RTX stock in a transaction on Friday, July 24th. The stock was sold at an average price of $210.29, for a total value of $1,799,451.53. Following the completion of the sale, the insider directly owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. The trade was a 49.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 29,222 shares of company stock valued at $6,362,003. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RTX shares. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Wells Fargo & Company increased their price target on shares of RTX from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. TD Cowen raised their price objective on shares of RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $238.00 price objective on shares of RTX in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $228.59.

RTX Price Performance

Shares of NYSE:RTX opened at $209.22 on Tuesday. The business has a fifty day moving average price of $204.25 and a 200-day moving average price of $195.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The company has a market capitalization of $281.97 billion, a PE ratio of 36.83, a PEG ratio of 2.50 and a beta of 0.29. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $226.88.

RTX (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.66 by $0.23. The company had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. RTX’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.56 EPS. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, equities analysts expect that RTX Corporation will post 7.22 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 14th. RTX’s payout ratio is presently 51.41%.

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.