Savant Capital LLC Sells 34,931 Shares of RTX Corporation $RTX

Savant Capital LLC cut its stake in shares of RTX Corporation (NYSE:RTX) by 26.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,469 shares of the company’s stock after selling 34,931 shares during the period. Savant Capital LLC’s holdings in RTX were worth $18,243,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of RTX by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after purchasing an additional 2,210,950 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of RTX by 1.1% during the third quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock valued at $12,750,087,000 after purchasing an additional 799,155 shares during the period. Fisher Asset Management LLC boosted its stake in shares of RTX by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock valued at $3,998,155,000 after purchasing an additional 625,994 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of RTX by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 7,642,723 shares of the company’s stock valued at $1,278,740,000 after purchasing an additional 147,940 shares during the period. Finally, Legal & General Group Plc lifted its stake in RTX by 13.4% in the third quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock worth $1,199,338,000 after acquiring an additional 846,656 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 price target on shares of RTX in a report on Thursday, March 5th. Citigroup reduced their price target on RTX from $238.00 to $226.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Melius Research raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, Jefferies Financial Group dropped their price objective on RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $210.75.

RTX Trading Up 0.1%

RTX stock opened at $179.16 on Friday. The firm has a 50 day moving average of $186.04 and a 200 day moving average of $188.74. The firm has a market capitalization of $241.27 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 2.54 and a beta of 0.31. RTX Corporation has a 12-month low of $131.90 and a 12-month 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.

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

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be paid 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 annualized dividend and a yield of 1.6%. RTX’s dividend payout ratio is 54.78%.

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.