ABN AMRO Bank N.V. Purchases 16,831 Shares of RTX Corporation $RTX

Key Points

• ABN AMRO Bank N.V. increased its RTX stake by 65.2% in the fourth quarter, buying 16,831 additional shares and bringing its total holding to 42,659 shares valued at about $7.8 million.
• RTX reported stronger-than-expected quarterly results, with earnings of $1.78 per share and revenue of $22.08 billion, both above analyst estimates and up 8.7% year over year.
• The company raised its quarterly dividend to $0.73 per share from $0.68, while recent defense contract wins and production ramp-ups point to continued demand for its aerospace and defense businesses.

ABN AMRO Bank N.V. lifted its position in RTX Corporation (NYSE:RTX - Free Report) by 65.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,659 shares of the company's stock after purchasing an additional 16,831 shares during the quarter. ABN AMRO Bank N.V.'s holdings in RTX were worth $7,817,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC raised its position in RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after purchasing an additional 159 shares in the last quarter. United Bank raised its position in RTX by 68.0% during the second quarter. United Bank now owns 10,202 shares of the company's stock valued at $1,490,000 after purchasing an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. raised its position in RTX by 3.1% during the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company's stock valued at $3,052,000 after purchasing an additional 623 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in RTX during the second quarter valued at about $5,157,000. Institutional investors own 86.50% of the company's stock.

RTX Stock Performance

RTX stock opened at $176.21 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average of $195.09 and a 200-day moving average of $188.74. The firm has a market cap of $237.30 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.50 and a beta of 0.31. RTX Corporation has a 1-year low of $126.03 and a 1-year high of $214.50.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.26. The company had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. RTX's revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Sell-side analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This is an increase from RTX's previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, May 22nd. RTX's dividend payout ratio (DPR) is currently 51.03%.

Insider Activity at RTX

In other news, insider Shane G. Eddy sold 17,527 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $199.16, for a total transaction of $3,490,677.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 15,124 shares of the firm's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the completion of the sale, the executive vice president owned 13,184 shares of the company's stock, valued at $2,698,105.60. This trade represents a 53.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 89,255 shares of company stock valued at $18,151,956 in the last quarter. 0.10% of the stock is currently owned by company insiders.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX won an $833 million U.S. Navy contract to build SeaSparrow missiles over five years, reinforcing demand for its defense portfolio and adding to its multiyear backlog. Article: Forget the Iran War. Threats from Russia and China Just Won RTX an $833 Million Missile Contract.
• Positive Sentiment: Raytheon, an RTX business, received its largest SharpSight radar order to date, and the company is also expanding defense production capacity, which could support future revenue growth and improve delivery times. Article: Will Record SharpSight Radar Order and Capacity Ramp Change RTX's Defense Narrative?
• Positive Sentiment: Pratt & Whitney completed a fully digital assembly readiness review for the XA103 engine in the U.S. Air Force’s NGAP program, signaling progress on a high-profile advanced propulsion opportunity. Article: RTX's Pratt & Whitney completes fully digital assembly readiness review for NGAP engine
• Positive Sentiment: Erste Group slightly raised its FY2026 EPS estimate for RTX to $6.92, suggesting analysts see stable earnings momentum near consensus expectations. Reference: RTX stock page and related analyst update
• Neutral Sentiment: RBC said higher fuel prices pose limited risk to RTX’s aerospace aftermarket business, which may ease investor worries but does not materially change the growth outlook. Article: RTX Sees Limited Risks to Aerospace Aftermarket From Higher Fuel Prices, RBC Says
• Neutral Sentiment: Zacks noted RTX has outperformed its industry over the past three months on defense contracts, sensor deliveries and factory investments, reinforcing a constructive but already recognized setup. Article: RTX Outperforms Industry in the Past 3 Months: How to Play the Stock?

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company initiated coverage on RTX in a research report on Wednesday, April 1st. They set an "equal weight" rating and a $200.00 price target on the stock. Wall Street Zen lowered shares of RTX from a "strong-buy" rating to a "buy" rating in a research report on Sunday, April 26th. Vertical Research restated a "buy" rating and set a $227.00 price target on shares of RTX in a research report on Tuesday, January 27th. Jefferies Financial Group cut their price target on shares of RTX from $225.00 to $210.00 and set a "hold" rating for the company in a research report on Monday, April 13th. Finally, Citigroup cut their price target on shares of RTX from $238.00 to $226.00 and set a "buy" rating for the company in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $206.59.

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.

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