RTX Corporation $RTX Stock Sold by Founders Financial Securities LLC

Key Points

• Founders Financial Securities cut its RTX stake by 30.5% in the third quarter, selling 6,067 shares and retaining 13,813 shares valued at approximately $2.56 million. Institutional investors collectively own 86.5% of RTX.
• Analyst sentiment remains favorable: RTX has a consensus “Moderate Buy” rating and an average price target of $228.86, with several firms recently raising their targets.
• RTX reported quarterly adjusted earnings of $2.26 per share and revenue of $24.96 billion, beating estimates, while revenue rose 11.1% year over year. The company also declared a quarterly dividend of $0.73 per share, equivalent to $2.92 annually.

Founders Financial Securities LLC lessened its holdings in shares of RTX Corporation (NYSE:RTX - Free Report) by 30.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,813 shares of the company's stock after selling 6,067 shares during the quarter. Founders Financial Securities LLC's holdings in RTX were worth $2,564,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbour Trust & Investment Management Co grew its holdings in shares of RTX by 0.8% during the third quarter. Harbour Trust & Investment Management Co now owns 102,612 shares of the company's stock worth $19,050,000 after purchasing an additional 792 shares in the last quarter. Choreo LLC raised its stake in RTX by 0.6% in the third quarter. Choreo LLC now owns 100,742 shares of the company's stock valued at $18,703,000 after purchasing an additional 555 shares in the last quarter. Interchange Capital Partners LLC raised its stake in RTX by 2.6% in the third quarter. Interchange Capital Partners LLC now owns 13,147 shares of the company's stock valued at $2,441,000 after purchasing an additional 331 shares in the last quarter. Fonville Wealth Management LLC raised its stake in RTX by 8.3% in the third quarter. Fonville Wealth Management LLC now owns 9,271 shares of the company's stock valued at $1,721,000 after purchasing an additional 708 shares in the last quarter. Finally, Elwood & Goetz Wealth Advisory Group LLC lifted its position in RTX by 12.3% during the third quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 2,069 shares of the company's stock valued at $384,000 after purchasing an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of RTX from $223.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. Royal Bank Of Canada lowered their price objective on shares of RTX from $250.00 to $235.00 and set an "outperform" rating on the stock in a research report on Thursday, October 15th. The Goldman Sachs Group lifted their price objective on shares of RTX from $195.00 to $206.00 and gave the stock a "neutral" rating in a report on Monday, July 27th. Morgan Stanley reaffirmed an "overweight" rating and set a $240.00 price objective (up from $220.00) on shares of RTX in a report on Friday, July 24th. Finally, Wells Fargo & Company upped their target price on shares of RTX from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Friday, July 24th. One investment 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $228.86.

Trending Headlines about RTX

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%.

RTX Stock Up 0.3%

Shares of RTX opened at $200.09 on Friday. The firm has a market cap of $270.01 billion, a P/E ratio of 32.48, a P/E/G ratio of 2.22 and a beta of 0.31. The stock has a 50 day simple moving average of $194.81 and a two-hundred day simple moving average of $195.55. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.05 and a quick ratio of 0.81. 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 posted its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.78 by $0.48. The firm had revenue of $24.96 billion for the quarter, compared to the consensus estimate of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The business's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. On average, analysts forecast that RTX Corporation will post 7.67 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

Insider Activity at RTX

In related news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company's stock.

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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