Legal & General Group Plc Buys 846,656 Shares of RTX Corporation $RTX

Legal & General Group Plc grew its stake in shares of RTX Corporation (NYSE:RTXFree Report) by 13.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,167,501 shares of the company’s stock after purchasing an additional 846,656 shares during the period. Legal & General Group Plc’s holdings in RTX were worth $1,199,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in RTX. Valley Wealth Managers Inc. bought a new stake in RTX in the 3rd quarter valued at about $30,000. SOA Wealth Advisors LLC. boosted its holdings in RTX by 57.4% in the third quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings in RTX by 57.3% in the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares in the last quarter. Clayton Financial Group LLC acquired a new stake in RTX in the third quarter valued at approximately $36,000. Finally, Halbert Hargrove Global Advisors LLC increased its holdings in shares of RTX by 194.5% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 215 shares of the company’s stock valued at $36,000 after acquiring an additional 142 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on RTX from $227.00 to $238.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. UBS Group restated a “neutral” rating on shares of RTX in a report on Wednesday, January 28th. BNP Paribas Exane started coverage on shares of RTX in a report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price objective for the company. Morgan Stanley reissued an “overweight” rating and set a $235.00 target price on shares of RTX in a research report on Wednesday, January 28th. Finally, Wolfe Research restated an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

View Our Latest Analysis on RTX

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

Insider Buying and Selling at RTX

In other RTX news, VP Kevin G. Dasilva sold 8,136 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the completion of the transaction, the vice president owned 27,102 shares in the company, valued at $5,455,632.60. This trade represents a 23.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dantaya M. Williams sold 12,713 shares of RTX stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $202.83, for a total transaction of $2,578,577.79. Following the completion of the transaction, the executive vice president owned 16,749 shares of the company’s stock, valued at $3,397,199.67. The trade was a 43.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 89,255 shares of company stock valued at $18,151,956. Insiders own 0.15% of the company’s stock.

RTX Trading Down 0.7%

Shares of RTX stock opened at $208.21 on Tuesday. The company has a 50 day moving average of $198.00 and a 200-day moving average of $179.25. RTX Corporation has a 12-month low of $112.27 and a 12-month high of $214.50. The firm has a market cap of $279.47 billion, a P/E ratio of 41.98, a PEG ratio of 3.03 and a beta of 0.42. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 0.51.

RTX (NYSE:RTXGet Free Report) last released its earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. RTX had a return on equity of 13.08% and a net margin of 7.60%.The business had revenue of $24.24 billion during the quarter, compared to the consensus estimate of $22.65 billion. During the same period last year, the business posted $1.54 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Sell-side analysts anticipate that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Friday, February 20th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, February 20th. RTX’s payout ratio is currently 54.84%.

About RTX

(Free Report)

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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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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