Bryn Mawr Trust Advisors LLC Lowers Stock Position in RTX Corporation $RTX

Bryn Mawr Trust Advisors LLC lessened its holdings in shares of RTX Corporation (NYSE:RTX) by 15.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,621 shares of the company’s stock after selling 21,283 shares during the period. RTX accounts for approximately 1.1% of Bryn Mawr Trust Advisors LLC’s holdings, making the stock its 18th biggest position. Bryn Mawr Trust Advisors LLC’s holdings in RTX were worth $23,075,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in RTX by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after acquiring an additional 2,210,950 shares in the last quarter. State Street Corp grew its holdings in RTX by 0.7% in the fourth quarter. State Street Corp now owns 91,884,588 shares of the company’s stock worth $16,851,633,000 after purchasing an additional 630,558 shares during the period. Morgan Stanley increased its stake in shares of RTX by 0.4% during the fourth quarter. Morgan Stanley now owns 29,783,584 shares of the company’s stock valued at $5,462,310,000 after purchasing an additional 105,069 shares in the last quarter. Fisher Asset Management LLC increased 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 in the last quarter. Finally, Norges Bank purchased a new position in shares of RTX during the fourth quarter valued at approximately $3,167,626,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. 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. Weiss Ratings lowered RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Finally, Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. 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 given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $211.38.

RTX Stock Up 0.3%

Shares of RTX stock opened at $196.47 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The stock has a market capitalization of $264.59 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 2.68 and a beta of 0.30. RTX Corporation has a 52-week low of $143.56 and a 52-week high of $214.50. The company has a 50-day simple moving average of $183.13 and a two-hundred day simple moving average of $191.41.

RTX (NYSE:RTX) last issued 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. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The business’s revenue was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, analysts anticipate that RTX Corporation will post 6.92 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a $0.73 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio is 54.78%.

RTX 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.