Marin Bay Wealth Advisors LLC Buys 5,710 Shares of RTX Corporation $RTX

Key Points

• Marin Bay Wealth Advisors purchased 5,710 RTX shares worth approximately $1.06 million in the third quarter. Institutional investors and hedge funds collectively own 86.5% of RTX.
• RTX reported quarterly earnings of $2.26 per share, beating estimates of $1.78, while revenue rose 11.1% year over year to $24.96 billion.
• RTX declared a quarterly dividend of $0.73 per share, equivalent to $2.92 annually and a roughly 1.5% yield. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $228.86.

Marin Bay Wealth Advisors LLC purchased a new stake in RTX Corporation (NYSE:RTX - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,710 shares of the company's stock, valued at approximately $1,060,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of RTX. Americana Partners LLC raised its holdings in RTX by 1.2% in the 3rd quarter. Americana Partners LLC now owns 202,099 shares of the company's stock valued at $37,520,000 after acquiring an additional 2,493 shares in the last quarter. Aprio Wealth Management LLC lifted its position in shares of RTX by 3.5% in the 3rd quarter. Aprio Wealth Management LLC now owns 14,238 shares of the company's stock worth $2,643,000 after acquiring an additional 484 shares during the period. Kurv Investment Management LLC grew its holdings in shares of RTX by 8.9% during the 3rd quarter. Kurv Investment Management LLC now owns 15,279 shares of the company's stock worth $2,837,000 after purchasing an additional 1,254 shares in the last quarter. Greenup Street Wealth Management LLC acquired a new stake in shares of RTX during the 3rd quarter worth approximately $1,791,000. Finally, Petros Family Wealth LLC grew its holdings in shares of RTX by 6.9% during the 3rd quarter. Petros Family Wealth LLC now owns 8,475 shares of the company's stock worth $1,573,000 after purchasing an additional 549 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other RTX news, EVP Ramsaran Maharajh sold 13,655 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

RTX Stock Up 0.3%

NYSE RTX opened at $200.09 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average is $194.81 and its two-hundred day moving average is $195.55. The company has a market capitalization of $270.01 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 2.23 and a beta of 0.31. RTX Corporation has a 1-year low of $166.74 and a 1-year high of $226.88.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The company had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same period in the prior year, the company posted $1.70 EPS. The company's revenue was up 11.1% compared to the same quarter last year. Equities analysts forecast that RTX Corporation will post 7.67 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX's payout ratio is currently 47.40%.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Quarterly dividend maintained: RTX’s board declared a cash dividend of $0.73 per share, payable December 10, 2026, to shareholders of record on November 20. The payment equates to $2.92 annually and a yield of approximately 1.4%, reinforcing the company’s shareholder-return profile. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Improving fundamental outlook: Recent coverage highlights RTX’s third-quarter revenue and earnings beat, raised guidance, record backlog, and signs of recovering commercial aerospace demand. The stronger outlook has helped shares recover recently, although the stock remains below its 52-week high. RTX Could Be 14% Undervalued As Raised Guidance Lifts The Valuation Case
• Positive Sentiment: Analyst sentiment remains favorable: The average brokerage recommendation for RTX is equivalent to a Buy. While analyst ratings should be interpreted cautiously, the consensus can provide near-term support for the stock. Is It Worth Investing in RTX Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Valuation remains a consideration: RTX trades at a relatively elevated earnings multiple following its recovery, so further gains may depend on continued execution, aerospace-market improvement, and delivery against raised guidance. The dividend is supportive but modest at roughly 1.4%.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research reports. Morgan Stanley restated an "overweight" rating and set a $240.00 price objective (up from $220.00) on shares of RTX in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft cut RTX from a "buy" rating to a "hold" rating and set a $208.00 target price for the company. in a research report on Tuesday, October 13th. Susquehanna lifted their price target on shares of RTX from $235.00 to $245.00 and gave the stock a "positive" rating in a research note on Friday, July 24th. Royal Bank Of Canada lowered their price target on shares of RTX from $250.00 to $235.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Finally, TD Cowen dropped their price objective on shares of RTX from $240.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, RTX presently has an average rating of "Moderate Buy" and an average target price of $228.86.

About RTX

RTX Corporation NYSE: RTX is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.

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