Proficio Capital Partners LLC Purchases 7,758 Shares of RTX Corporation $RTX

Key Points

• Proficio Capital Partners increased its RTX position by 213.6% in the second quarter, purchasing 7,758 additional shares for a total holding of 11,390 shares valued at approximately $2.16 million. Institutional investors collectively own 86.5% of RTX.
• Analyst sentiment remains favorable, with RTX carrying a consensus “Moderate Buy” rating and an average price target of $228.59. Recent analysts raised targets to as high as $245.
• RTX exceeded quarterly expectations, reporting $1.89 in earnings per share and $24.71 billion in revenue, up 14.5% year over year. The company also declared a quarterly dividend of $0.73 per share, equivalent to a 1.4% annual yield.

Proficio Capital Partners LLC boosted its position in RTX Corporation (NYSE:RTX - Free Report) by 213.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,390 shares of the company's stock after purchasing an additional 7,758 shares during the period. Proficio Capital Partners LLC's holdings in RTX were worth $2,161,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Milestone Asset Management Group LLC grew its holdings in RTX by 34.7% in the 4th quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company's stock valued at $5,504,000 after buying an additional 7,738 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of RTX during the fourth quarter worth $2,308,000. Truist Financial Corp boosted its position in shares of RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company's stock valued at $424,575,000 after acquiring an additional 53,045 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of RTX by 5.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 212,944 shares of the company's stock valued at $39,054,000 after acquiring an additional 10,426 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in RTX by 206.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 178,360 shares of the company's stock worth $32,711,000 after acquiring an additional 120,094 shares during the period. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RTX. Dbs Bank raised shares of RTX from a "hold" rating to a "moderate buy" rating in a report on Wednesday, June 10th. Susquehanna raised their target price on shares of RTX from $235.00 to $245.00 and gave the stock a "positive" rating in a report on Friday, July 24th. TD Cowen lifted their price target on shares of RTX from $225.00 to $240.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Sanford C. Bernstein boosted their price target on RTX from $213.00 to $232.00 and gave the company a "market perform" rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company increased their price target on RTX from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $228.59.

RTX Price Performance

Shares of NYSE:RTX opened at $208.17 on Tuesday. The company has a market cap of $280.56 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 2.52 and a beta of 0.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. The firm has a 50 day simple moving average of $206.67 and a 200 day simple moving average of $196.03. RTX Corporation has a one year low of $150.61 and a one year high of $226.88.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.28% and a return on equity of 13.99%. The firm had revenue of $24.71 billion for the quarter, compared to analysts' expectations of $22.89 billion. During the same quarter in the previous year, the firm posted $1.56 earnings per share. The company's revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Research analysts predict that RTX Corporation will post 7.22 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX's dividend payout ratio is presently 51.41%.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 8,557 shares of the company's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the transaction, the insider owned 8,809 shares of the company's stock, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 29,222 shares of company stock worth $6,362,003. 0.10% of the stock is currently owned by insiders.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s reported $289 billion backlog is predominantly tied to commercial aerospace. Continued strength in commercial aviation could support production growth, cash generation and financial flexibility, allowing RTX’s defense business to avoid or exit unprofitable contracts. RTX's $289 Billion Backlog Is Mainly Commercial, Not Defense. Here's Why That Split Is the Real Story.
• Neutral Sentiment: A Zacks review noted that RTX fell more than the broader market in the latest trading session. The article did not identify a new earnings miss or material operational setback, suggesting the move may reflect market conditions, sector positioning or profit-taking after the stock’s strong run. Here's Why RTX Fell More Than Broader Market
• Negative Sentiment: RTX trades at a relatively elevated earnings multiple following substantial gains over the past year, which can increase sensitivity to broad-market pullbacks when no fresh positive catalyst is present.

RTX 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.

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