RTX Corporation $RTX Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. cut its position in shares of RTX Corporation (NYSE:RTX) by 5.3% during the 4th quarter, Holdings Channel reports. The firm owned 275,192 shares of the company’s stock after selling 15,385 shares during the period. RTX comprises 1.0% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 20th largest position. Mesirow Financial Investment Management Inc.’s holdings in RTX were worth $50,470,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Navalign LLC acquired a new position in shares of RTX during the 4th quarter valued at $25,000. BNP Paribas acquired a new position in shares of RTX during the 3rd quarter valued at $25,000. Valley Wealth Managers Inc. acquired a new position in shares of RTX during the 3rd quarter valued at $30,000. Wexford Capital LP acquired a new position in shares of RTX during the 3rd quarter valued at $33,000. Finally, Dogwood Wealth Management LLC increased its position in shares of RTX by 57.3% during the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 12,713 shares of RTX stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the completion of the sale, the executive vice president owned 16,749 shares of the company’s stock, valued at approximately $3,397,199.67. This trade represents a 43.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ramsaran Maharajh sold 15,124 shares of RTX stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $204.65, for a total value of $3,095,126.60. Following the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,698,105.60. The trade was a 53.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 71,728 shares of company stock worth $14,661,279 in the last ninety days. Company insiders own 0.10% of the company’s stock.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX won a multi-year SeaRAM ship self-defense contract for Australia’s Sea3000 frigate program, expanding its international naval defense footprint and reinforcing backlog visibility. RTX Wins SeaRAM Ship Self-Defense Contract For Australian Frigates
• Positive Sentiment: RTX’s Raytheon unit received an order for 120 SharpSight radars from Blue Raven, the largest order yet for the surveillance radar system, which highlights demand for its sensing and defense technologies. RTX Corporation (RTX) Receives Order For SharpSight radars from Blue Raven
• Positive Sentiment: Collins Aerospace is investing $26.5 million to expand its Largo, Florida radar facility, a sign RTX is adding production capacity to support both commercial aviation and defense demand. RTX’s Collins Aerospace Invests $26.5M In Florida Expansion
• Neutral Sentiment: Recent coverage about RTX’s valuation and aerospace-and-defense sector pullback suggests some investors may be reassessing whether the shares have run too far, which could temper near-term upside despite the positive operational news. Is It Time To Reassess RTX (RTX) After Recent Pullback In Aerospace And Defense Stocks

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. DZ Bank cut RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Susquehanna restated a “positive” rating and issued a $230.00 target price on shares of RTX in a report on Thursday, January 15th. Wells Fargo & Company initiated coverage on RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price on the stock. TD Cowen restated a “buy” rating on shares of RTX in a report on Tuesday, January 27th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $204.00 target price on shares of RTX in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $210.75.

RTX Stock Performance

Shares of RTX stock opened at $178.14 on Thursday. The stock has a market cap of $239.90 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.54 and a beta of 0.31. The business has a fifty day simple moving average of $193.17 and a 200-day simple moving average of $188.89. 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 12 month low of $129.11 and a 12 month high of $214.50.

RTX (NYSE:RTX) last issued its 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. The business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts anticipate that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. RTX’s payout ratio is 51.03%.

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.