Tempo Wealth LLC Acquires New Position in RTX Corporation $RTX

by · The Markets Daily

Tempo Wealth LLC bought a new position in RTX Corporation (NYSE:RTX – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,340 shares of the company’s stock, valued at approximately $613,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. BNP Paribas bought a new stake in shares of RTX in the 3rd quarter worth approximately $25,000. Navalign LLC bought a new position in shares of RTX during the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC purchased a new position in RTX in the 4th quarter worth $26,000. Core Wealth Advisors LLC bought a new stake in RTX in the fourth quarter worth $31,000. Finally, 1 North Wealth Services LLC boosted its position in 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 buying an additional 137 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Down 3.4%

NYSE RTX opened at $186.07 on Friday. RTX Corporation has a 1 year low of $140.47 and a 1 year high of $214.50. The stock has a market capitalization of $250.58 billion, a PE ratio of 34.91, a PEG ratio of 2.73 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The business’s 50-day moving average is $182.21 and its 200 day moving average is $189.49.

RTX (NYSE:RTX – Get Free Report) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The business 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%.RTX’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Sell-side analysts forecast that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. RTX’s payout ratio is 54.78%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, UBS Group dropped their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average price target of $211.38.

Read Our Latest Analysis on RTX

RTX Profile

(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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