Corient Private Wealth LLC Grows Position in RTX Corporation $RTX

Corient Private Wealth LLC boosted its holdings in shares of RTX Corporation (NYSE:RTX) by 61.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,428,190 shares of the company’s stock after acquiring an additional 927,671 shares during the period. Corient Private Wealth LLC’s holdings in RTX were worth $445,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. BNP Paribas purchased a new stake in shares of RTX in the 3rd quarter worth approximately $25,000. Navalign LLC purchased a new position in RTX during the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC bought a new position in RTX in the fourth quarter worth approximately $26,000. Core Wealth Advisors LLC bought a new position in RTX in the fourth quarter worth approximately $31,000. Finally, 1 North Wealth Services LLC lifted its holdings in RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after buying an additional 137 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RTX. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings downgraded RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Morgan Stanley cut their target price on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their target price for the stock from $210.00 to $220.00 in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $211.38.

RTX Price Performance

NYSE RTX opened at $186.07 on Friday. The firm’s fifty day simple moving average is $182.21 and its two-hundred day simple moving average is $189.49. 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 $140.47 and a 12-month high of $214.50. The firm has a market capitalization of $250.58 billion, a P/E ratio of 34.91, a P/E/G ratio of 2.73 and a beta of 0.31.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion during 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 revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Analysts forecast that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

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