RTX Corporation $RTX Shares Sold by M&T Bank Corp

Key Points

• M&T Bank Corp cut its stake in RTX by 97.3% in Q4, selling 514,875 shares and leaving 14,049 shares valued at $2.577M, while institutional investors still own about 86.5% of the stock.
• Company insiders sold a total of 89,255 shares worth roughly $18.15M last quarter, including EVP Neil G. Mitchill Jr.'s sale of 35,755 shares, leaving insiders with just 0.10% ownership.
• RTX beat Q1 EPS at $1.78 (vs. $1.52 est.) and set FY2026 guidance of 6.60–6.80 EPS"Moderate Buy" rating with a $206.59 target price.

M&T Bank Corp cut its stake in shares of RTX Corporation (NYSE:RTX - Free Report) by 97.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,049 shares of the company's stock after selling 514,875 shares during the period. M&T Bank Corp's holdings in RTX were worth $2,577,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Clarity Financial LLC increased its position in shares of RTX by 3.2% during the fourth quarter. Clarity Financial LLC now owns 64,319 shares of the company's stock valued at $11,796,000 after acquiring an additional 1,979 shares during the last quarter. L. Roy Papp & Associates LLP increased its position in shares of RTX by 1.9% during the fourth quarter. L. Roy Papp & Associates LLP now owns 14,022 shares of the company's stock valued at $2,572,000 after acquiring an additional 266 shares during the last quarter. Crown Wealth Group LLC increased its position in shares of RTX by 11.6% during the fourth quarter. Crown Wealth Group LLC now owns 1,870 shares of the company's stock valued at $343,000 after acquiring an additional 194 shares during the last quarter. PMG Family Office LLC acquired a new stake in shares of RTX during the fourth quarter valued at about $200,000. Finally, CPC Advisors LLC increased its position in shares of RTX by 13.3% during the fourth quarter. CPC Advisors LLC now owns 40,795 shares of the company's stock valued at $7,482,000 after acquiring an additional 4,786 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Citigroup dropped 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. Vertical Research reissued a "buy" rating and issued a $227.00 price objective on shares of RTX in a research note on Tuesday, January 27th. Wells Fargo & Company started coverage on shares of RTX in a research note on Wednesday, April 1st. They issued an "equal weight" rating and a $200.00 price objective for the company. DZ Bank lowered shares of RTX from a "hold" rating to a "strong sell" rating in a research note on Friday, February 6th. Finally, Susquehanna reissued a "positive" rating and issued a $230.00 price objective on shares of RTX in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $206.59.

Insider Buying and Selling at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of RTX stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the completion of the sale, the executive vice president directly owned 59,556 shares of the company's stock, valued at approximately $12,242,331.36. The trade was a 37.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 17,527 shares of RTX stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $199.16, for a total transaction of $3,490,677.32. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 89,255 shares of company stock worth $18,151,956. 0.10% of the stock is currently owned by company insiders.

RTX Trading Down 0.6%

NYSE RTX opened at $173.29 on Tuesday. The firm has a 50 day simple moving average of $198.43 and a 200-day simple moving average of $188.01. 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 one year low of $123.60 and a one year high of $214.50. The firm has a market cap of $233.36 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 2.49 and a beta of 0.43.

RTX (NYSE:RTX - Get Free Report) last posted 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 net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same quarter last year, the firm posted $1.47 earnings per share. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts anticipate that RTX Corporation will post 6.85 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Friday, February 20th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, February 20th. RTX's payout ratio is 51.03%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.