RTX Corporation (NYSE:RTX) Announces $0.68 Quarterly Dividend

RTX Corporation (NYSE:RTX) declared a quarterly dividend on Friday, February 6th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.68 per share on Thursday, March 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, February 20th.

RTX has decreased its dividend by an average of 0.4%per year over the last three years and has increased its dividend every year for the last 5 years. RTX has a payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RTX to earn $6.84 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 39.8%.

RTX Trading Up 0.1%

NYSE RTX opened at $203.76 on Wednesday. The stock has a market capitalization of $273.51 billion, a P/E ratio of 41.19, a P/E/G ratio of 2.89 and a beta of 0.43. RTX has a one year low of $112.27 and a one year high of $206.48. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.80. The business has a 50 day simple moving average of $191.65 and a 200 day simple moving average of $174.44.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 27th. The company reported $1.55 EPS for the quarter, beating 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 analyst estimates of $22.65 billion. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.54 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts expect that RTX will post 6.11 earnings per share for the current year.

Insider Transactions at RTX

In other news, insider Shane G. Eddy sold 17,527 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Kevin G. Dasilva sold 8,136 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the transaction, the vice president owned 27,102 shares of the company’s stock, valued at approximately $5,455,632.60. This trade represents a 23.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.15% of the stock is currently owned by company insiders.

Institutional Trading of RTX

Several institutional investors have recently made changes to their positions in RTX. Evolve Private Wealth LLC purchased a new stake in RTX during the 4th quarter worth approximately $1,848,000. Ehrenkranz Partners L.P. acquired a new stake in shares of RTX in the 4th quarter worth $210,000. Engineers Gate Manager LP acquired a new stake in RTX in the fourth quarter valued at $3,280,000. First Manhattan CO. LLC. lifted its position in shares of RTX by 4.4% during the 4th quarter. First Manhattan CO. LLC. now owns 70,779 shares of the company’s stock valued at $12,981,000 after acquiring an additional 3,014 shares during the period. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in RTX in the fourth quarter valued at $17,739,000. Hedge funds and other 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.