M3 Wealth Management LLC Acquires New Shares in RTX Corporation $RTX

M3 Wealth Management LLC acquired a new stake in RTX Corporation (NYSE:RTX) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 9,227 shares of the company’s stock, valued at approximately $1,692,000. RTX comprises approximately 1.3% of M3 Wealth Management LLC’s holdings, making the stock its 17th largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in RTX. Alpha Cubed Investments LLC boosted its position in RTX by 0.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after buying an additional 50 shares during the last quarter. LeConte Wealth Management LLC boosted its position in RTX by 2.3% in the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after buying an additional 51 shares during the last quarter. Rydar Equities Inc. boosted its position in RTX by 0.4% in the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock valued at $2,480,000 after buying an additional 52 shares during the last quarter. Howard Capital Management Inc. boosted its position in RTX by 0.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock valued at $2,263,000 after buying an additional 53 shares during the last quarter. Finally, Purus Wealth Management LLC boosted its position in RTX by 0.4% in the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock valued at $2,700,000 after buying an additional 53 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RTX has been the topic of several recent research reports. TD Cowen restated a “buy” rating on shares of RTX in a research report on Tuesday, January 27th. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Robert W. Baird set a $225.00 price objective on RTX in a research report on Wednesday, January 28th. UBS Group lowered their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. upped their price objective on RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus price target of $210.75.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, delivered the first Lightweight Command Launch Units to the U.S. Army, a sign that execution on a key Javelin program is advancing and could support future production growth. First Javelin Lightweight Command Launch Units delivered to the U.S. Army
• Positive Sentiment: RTX’s Raytheon was selected by DARPA to advance composable solid rocket motor technology, a contract that could strengthen RTX’s position in future missile and propulsion systems. RTX’s Raytheon selected by DARPA to advance composable solid rocket motor technology
• Positive Sentiment: Analysts and commentators highlighted RTX as a multi-year winner from rising defense spending, larger munition production capacity, and a very large backlog, which supports revenue visibility and margin expansion. RTX Corporation: A Dual Cycle Profile In Play
• Positive Sentiment: RTX was also discussed as a top defense name alongside peers benefiting from dividend increases, which may appeal to income-focused investors even though the article was broader than RTX alone. 3 Defense Giants Boosting Dividends as Shares Take a Ride
• Neutral Sentiment: Coverage comparing AeroVironment and RTX kept RTX in the spotlight as investors weigh different defense technologies, but it did not include a direct new company-specific catalyst. AeroVironment vs. RTX: Which Aerospace-Defense Stock Has the Edge?
• Neutral Sentiment: Additional commentary framed RTX as a modular, software-centric defense growth story, emphasizing ongoing modernization work rather than a brand-new surprise. RTX Defense Breakthroughs Highlight Modular And Software Centric Growth Story

RTX Trading Up 1.2%

RTX stock opened at $179.06 on Wednesday. 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 Corporation has a 12 month low of $130.90 and a 12 month high of $214.50. The stock’s 50 day simple moving average is $187.62 and its two-hundred day simple moving average is $188.79. The firm has a market cap of $241.14 billion, a PE ratio of 33.59, a P/E/G ratio of 2.51 and a beta of 0.31.

RTX (NYSE:RTX) last released its quarterly earnings data 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 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 business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Analysts anticipate that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. 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. RTX’s dividend payout ratio is currently 54.78%.

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.