JGP Wealth Management LLC Buys 2,933 Shares of RTX Corporation $RTX

JGP Wealth Management LLC grew its stake in shares of RTX Corporation (NYSE:RTX) by 3.7% in the second quarter, HoldingsChannel.com reports. The firm owned 82,053 shares of the company’s stock after buying an additional 2,933 shares during the quarter. RTX comprises approximately 1.4% of JGP Wealth Management LLC’s holdings, making the stock its 13th largest holding. JGP Wealth Management LLC’s holdings in RTX were worth $15,568,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Navalign LLC purchased a new stake in RTX during the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC bought a new stake in RTX in the 4th quarter worth $26,000. Evergreen Advisors LLC purchased a new position in shares of RTX in the first quarter valued at about $31,000. Core Wealth Advisors LLC purchased a new position in shares of RTX in the fourth quarter valued at about $31,000. Finally, 1 North Wealth Services LLC raised its stake in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after acquiring an additional 137 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Up 2.0%

Shares of RTX opened at $222.37 on Thursday. RTX Corporation has a 1-year low of $150.61 and a 1-year high of $222.82. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $193.64 and its 200-day moving average price is $193.64. The firm has a market capitalization of $299.70 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 2.60 and a beta of 0.29.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.66 by $0.23. The business had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. RTX’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. Sell-side analysts anticipate that RTX Corporation will post 7.21 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Friday, August 14th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 14th. RTX’s dividend payout ratio (DPR) is presently 51.41%.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, delivered and installed the first SPY-6(V)4 radar array at Wallops Island for the U.S. Navy’s Flight IIA Arleigh Burke-class destroyer modernization and backfit program. Extensive testing is expected next. The milestone demonstrates progress on a strategically important defense program and could support future orders and revenue visibility. RTX Delivers First SPY 6(V)4 Radar Array For Navy Destroyer Upgrade
• Positive Sentiment: RTX was identified by Zacks as a highly ranked momentum stock, reflecting its recent share-price strength and favorable market sentiment. However, the ranking is based primarily on momentum factors rather than a new company-specific contract or earnings update. RTX Is a Top-Ranked Momentum Stock
• Neutral Sentiment: An investment article cited RTX as one of the companies whose pension obligations were transferred to Prudential Financial through pension risk-transfer transactions. The reference provides little new information about RTX’s operations or financial outlook and is unlikely to be a major stock catalyst. Higher Rates Are Here to Stay, and These Dividend Stocks Like It That Way

Insider Buying and Selling

In other RTX news, insider Troy D. Brunk sold 8,557 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $210.29, for a total transaction of $1,799,451.53. Following the completion of the transaction, the insider owned 8,809 shares of the company’s stock, valued at approximately $1,852,444.61. This trade represents a 49.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin G. Dasilva sold 4,760 shares of RTX stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $213.62, for a total transaction of $1,016,831.20. Following the transaction, the vice president owned 22,349 shares of the company’s stock, valued at $4,774,193.38. The trade was a 17.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 15,567 shares of company stock valued at $3,304,375. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

RTX has been the topic of several recent analyst reports. Sanford C. Bernstein raised their target price on RTX from $213.00 to $232.00 and gave the stock a “market perform” rating in a research note on Monday. Argus set a $245.00 price target on RTX in a research report on Thursday, July 30th. Robert W. Baird set a $240.00 price objective on RTX in a report on Friday, July 24th. Jefferies Financial Group set a $250.00 price objective on RTX in a research report on Sunday, July 26th. Finally, Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $228.59.

RTX 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.