Intact Investment Management Inc. Has $4.07 Million Stock Position in RTX Corporation $RTX

by · The Cerbat Gem

Intact Investment Management Inc. lowered its stake in RTX Corporation (NYSE:RTX – Free Report) by 69.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,200 shares of the company’s stock after selling 49,300 shares during the period. Intact Investment Management Inc.’s holdings in RTX were worth $4,071,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BNP Paribas bought a new stake in RTX in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. bought a new stake in RTX in the 3rd quarter valued at about $30,000. Wexford Capital LP bought a new stake in RTX in the 3rd quarter valued at about $33,000. Dogwood Wealth Management LLC boosted its holdings in RTX by 57.3% in the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the period. Finally, Imprint Wealth LLC bought a new stake in RTX in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RTX shares. UBS Group cut their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of RTX in a report on Thursday, January 15th. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research report on Friday, April 10th. Finally, Wells Fargo & Company started coverage on RTX in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $206.59.

Read Our Latest Report on RTX

RTX Stock Performance

Shares of RTX stock opened at $173.09 on Tuesday. The company has a 50 day moving average of $196.65 and a 200-day moving average of $188.35. RTX Corporation has a 1-year low of $126.03 and a 1-year high of $214.50. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The company has a market cap of $233.10 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 2.47 and a beta of 0.31.

RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the prior year, the firm posted $1.47 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, equities research analysts forecast that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.7%. RTX’s payout ratio is currently 51.03%.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

Insider Activity at RTX

In other news, EVP Neil G. Mitchill, Jr. sold 35,755 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $205.56, for a total transaction of $7,349,797.80. Following the completion of the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at approximately $12,242,331.36. This represents a 37.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 12,713 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 16,749 shares of the company’s stock, valued at approximately $3,397,199.67. This trade represents a 43.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 89,255 shares of company stock worth $18,151,956 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

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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