Live Oak Private Wealth LLC Has $12.20 Million Holdings in RTX Corporation $RTX

Live Oak Private Wealth LLC lowered its position in RTX Corporation (NYSE:RTX) by 12.3% during the first quarter, Holdings Channel reports. The firm owned 63,242 shares of the company’s stock after selling 8,840 shares during the period. RTX comprises 1.7% of Live Oak Private Wealth LLC’s portfolio, making the stock its 17th largest holding. Live Oak Private Wealth LLC’s holdings in RTX were worth $12,199,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of RTX. Alpha Cubed Investments LLC raised its stake in RTX by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock worth $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% during the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after acquiring an additional 51 shares during the last quarter. Rydar Equities Inc. grew its holdings in RTX by 0.4% during the 4th quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock worth $2,480,000 after acquiring an additional 52 shares during the period. Schulhoff & Co. Inc. raised its position in shares of RTX by 1.7% in the 4th quarter. Schulhoff & Co. Inc. now owns 3,188 shares of the company’s stock worth $585,000 after acquiring an additional 52 shares in the last quarter. Finally, Howard Capital Management Inc. raised its position in shares of RTX by 0.4% in the 4th quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after acquiring an additional 53 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RTX has been the topic of several research analyst reports. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. UBS Group cut their price target on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $210.00 to $220.00 in a research report on Thursday, June 4th. Finally, Dbs Bank upgraded shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $211.38.

RTX Stock Down 0.6%

RTX stock opened at $185.27 on Thursday. The stock’s 50 day simple moving average is $180.81 and its 200 day simple moving average is $189.93. The company has a market cap of $249.50 billion, a P/E ratio of 34.76, a price-to-earnings-growth ratio of 2.64 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. RTX Corporation has a fifty-two week low of $140.47 and a fifty-two week high of $214.50.

RTX (NYSE:RTX) last released 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. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, research analysts expect that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.73 per share. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. RTX’s dividend payout ratio (DPR) is presently 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.