RTX Corporation $RTX is Wells Trecaso Financial Group LLC’s 10th Largest Position

Wells Trecaso Financial Group LLC lowered its position in shares of RTX Corporation (NYSE:RTX) by 42.0% in the third quarter, HoldingsChannel.com reports. The fund owned 37,054 shares of the company’s stock after selling 26,792 shares during the quarter. RTX comprises about 2.9% of Wells Trecaso Financial Group LLC’s portfolio, making the stock its 10th largest holding. Wells Trecaso Financial Group LLC’s holdings in RTX were worth $6,200,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RTX. Vanguard Group Inc. increased its stake in shares of RTX by 1.9% in the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock worth $17,825,353,000 after acquiring an additional 2,238,247 shares during the period. State Street Corp raised its position in shares of RTX by 0.5% in the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after acquiring an additional 552,009 shares during the period. Fisher Asset Management LLC boosted its stake in shares of RTX by 4.2% during the 2nd quarter. Fisher Asset Management LLC now owns 20,599,190 shares of the company’s stock worth $3,007,894,000 after acquiring an additional 837,268 shares in the last quarter. Norges Bank acquired a new stake in shares of RTX during the 2nd quarter valued at about $2,359,602,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of RTX by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock valued at $2,330,215,000 after purchasing an additional 1,361,071 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the company. BNP Paribas Exane started coverage on RTX in a report on Tuesday, November 18th. They issued an “outperform” rating and a $210.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of RTX from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Susquehanna reiterated a “positive” rating and issued a $230.00 target price on shares of RTX in a research report on Thursday, January 15th. UBS Group restated a “neutral” rating on shares of RTX in a research report on Wednesday, January 28th. Finally, Citigroup raised their price target on shares of RTX from $227.00 to $238.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $199.50.

RTX Stock Performance

NYSE:RTX opened at $198.76 on Friday. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $206.48. The company has a market cap of $266.49 billion, a P/E ratio of 40.13, a P/E/G ratio of 2.85 and a beta of 0.43. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $187.15 and its 200-day moving average price is $171.78.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. The business had revenue of $24.24 billion for the quarter, compared to analyst estimates of $22.65 billion. RTX had a net margin of 7.60% and a return on equity of 13.08%. The business’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, sell-side analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Company 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.