RTX Corporation (NYSE:RTX) Declares Dividend Increase – $0.73 Per Share

RTX Corporation (NYSE:RTX) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.73 per share on Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 22nd. This is a 7.4% increase from RTX’s previous quarterly dividend of $0.68.

RTX has decreased its dividend by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. RTX has a dividend payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RTX to earn $7.52 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 36.2%.

RTX Stock Performance

Shares of RTX stock traded down $0.94 during trading hours on Friday, hitting $175.13. 264,617 shares of the company’s stock traded hands, compared to its average volume of 5,916,277. RTX has a 12-month low of $126.03 and a 12-month high of $214.50. The stock has a market capitalization of $235.84 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.46 and a beta of 0.43. The company has a fifty day simple moving average of $196.65 and a 200-day simple moving average of $187.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts anticipate that RTX will post 6.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other RTX news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $205.56, for a total value of $7,349,797.80. Following the completion of the transaction, the executive vice president owned 59,556 shares in the company, valued at $12,242,331.36. This trade represents a 37.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dantaya M. Williams sold 12,713 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $202.83, for a total value 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 approximately $3,397,199.67. This represents a 43.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 89,255 shares of company stock worth $18,151,956 over the last quarter. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RTX. World Investment Advisors lifted its stake in shares of RTX by 8.7% during the 4th quarter. World Investment Advisors now owns 62,448 shares of the company’s stock worth $11,453,000 after acquiring an additional 5,020 shares during the last quarter. Wealth Science Advisors LLC bought a new stake in shares of RTX during the 4th quarter worth approximately $1,439,000. Groupama Asset Managment bought a new stake in shares of RTX during the 3rd quarter worth approximately $150,078,000. Oppenheimer & Co. Inc. lifted its stake in shares of RTX by 10.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 171,209 shares of the company’s stock worth $28,648,000 after acquiring an additional 16,467 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in shares of RTX by 9.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 75,321 shares of the company’s stock worth $12,604,000 after acquiring an additional 6,566 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

About RTX

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.