RTX Corporation $RTX Shares Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC increased its holdings in RTX Corporation (NYSE:RTX) by 178.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,916 shares of the company’s stock after buying an additional 11,487 shares during the quarter. Convergence Investment Partners LLC’s holdings in RTX were worth $3,456,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Florida Financial Advisors LLC boosted its position in RTX by 23.3% during the 1st quarter. Florida Financial Advisors LLC now owns 11,473 shares of the company’s stock worth $2,214,000 after acquiring an additional 2,167 shares during the period. Swan Global Investments LLC grew its stake in shares of RTX by 6.6% in the first quarter. Swan Global Investments LLC now owns 1,364 shares of the company’s stock worth $263,000 after purchasing an additional 85 shares in the last quarter. Earned Wealth Advisors LLC increased its holdings in shares of RTX by 14.8% during the first quarter. Earned Wealth Advisors LLC now owns 7,514 shares of the company’s stock valued at $1,450,000 after purchasing an additional 966 shares during the period. Commonwealth Financial Services LLC increased its holdings in shares of RTX by 6.9% during the first quarter. Commonwealth Financial Services LLC now owns 2,135 shares of the company’s stock valued at $412,000 after purchasing an additional 137 shares during the period. Finally, Meeder Asset Management Inc. raised its stake in shares of RTX by 668.4% during the first quarter. Meeder Asset Management Inc. now owns 4,111 shares of the company’s stock valued at $793,000 after purchasing an additional 3,576 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Pratt & Whitney won a nine-year, $1 billion sustainment contract to overhaul more than 750 PT6A-68 engines for the U.S. JPATS T-6 trainer fleet, adding to RTX’s long-term defense revenue visibility. Article Title
• Positive Sentiment: British Airways selected RTX’s Pratt & Whitney GTF engines to power up to 63 Airbus A320neo aircraft, including a 12-year maintenance agreement, boosting the outlook for RTX’s commercial engines and services backlog. Article Title
• Positive Sentiment: Jackson Square Aviation also chose Pratt & Whitney GTF engines for an undisclosed number of Airbus A320neo jets, reinforcing demand for RTX’s geared-turbofan platform at the Farnborough Airshow. Article Title
• Positive Sentiment: Pratt & Whitney completed successful testing of its 3D-printed TJ150 engine, highlighting manufacturing innovation and potential efficiency gains. Article Title
• Neutral Sentiment: Analysts are reviewing RTX’s Q2 metric projections ahead of earnings, which keeps attention on whether the company can match or exceed expectations. Article Title
• Neutral Sentiment: RTX was mentioned as one of several drone-tech names to watch as adoption rises, but the piece is more sector-focused than a direct company-specific catalyst. Article Title
• Positive Sentiment: RTX also picked up additional attention from Boeing/Airbus Farnborough deal activity, which underscores a healthy commercial aerospace backdrop for its engine business. Article Title

RTX Price Performance

NYSE RTX opened at $194.64 on Tuesday. RTX Corporation has a 1 year low of $143.56 and a 1 year high of $214.50. The stock’s 50-day moving average price is $184.95 and its two-hundred day moving average price is $191.74. The company has a market cap of $262.12 billion, a PE ratio of 36.52, a PEG ratio of 2.65 and a beta of 0.30. 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 (NYSE:RTX) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 EPS. On average, analysts predict that RTX Corporation will post 6.92 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio is currently 54.78%.

Analysts Set New Price Targets

Several research firms recently weighed in on RTX. Erste Group Bank downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Finally, Citigroup reiterated a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $211.38.

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.