Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 9,562 Shares of RTX Corporation $RTX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in RTX Corporation (NYSE:RTX) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 311,871 shares of the company’s stock after selling 9,562 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in RTX were worth $57,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Milestone Asset Management Group LLC raised its holdings in shares of RTX by 34.7% in the fourth quarter. Milestone Asset Management Group LLC now owns 30,011 shares of the company’s stock valued at $5,504,000 after acquiring an additional 7,738 shares in the last quarter. Truist Financial Corp raised its holdings in shares of RTX by 2.3% in the fourth quarter. Truist Financial Corp now owns 2,315,021 shares of the company’s stock valued at $424,575,000 after acquiring an additional 53,045 shares in the last quarter. Wealth Science Advisors LLC bought a new stake in shares of RTX in the fourth quarter valued at about $1,439,000. Groupama Asset Managment bought a new stake in shares of RTX in the third quarter valued at about $150,078,000. Finally, New Age Alpha Advisors LLC bought a new stake in shares of RTX in the fourth quarter valued at about $2,308,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 0.1%

Shares of NYSE:RTX opened at $179.16 on Friday. RTX Corporation has a 12-month low of $131.90 and a 12-month high of $214.50. The company has a market capitalization of $241.27 billion, a PE ratio of 33.61, a PEG ratio of 2.55 and a beta of 0.31. The business has a 50 day moving average of $186.04 and a two-hundred day moving average of $188.74. 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 issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The firm’s revenue for the quarter 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, analysts forecast that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be given a dividend of $0.73 per share. The ex-dividend date is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a dividend yield of 1.6%. RTX’s dividend payout ratio (DPR) is presently 54.78%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RTX shares. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Jefferies Financial Group cut their target price on RTX from $225.00 to $210.00 and set a “hold” rating on the stock in a research note on Monday, April 13th. Citigroup cut their target price on RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $240.00 target price on shares of RTX in a research note on Thursday, March 5th. Finally, Wells Fargo & Company assumed coverage on RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have given 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.75.

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.