RTX Corporation $RTX Shares Sold by Capital Research Global Investors

Capital Research Global Investors decreased its holdings in RTX Corporation (NYSE:RTX) by 0.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 76,140,352 shares of the company’s stock after selling 57,410 shares during the period. RTX comprises 2.6% of Capital Research Global Investors’ holdings, making the stock its 8th biggest position. Capital Research Global Investors owned approximately 0.06% of RTX worth $13,964,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of RTX. BNP Paribas acquired a new stake in RTX in the 3rd quarter worth about $25,000. Navalign LLC acquired a new stake in RTX in the 4th quarter worth about $25,000. Core Wealth Advisors LLC acquired a new stake in RTX in the 4th quarter worth about $31,000. Wexford Capital LP acquired a new stake in RTX in the 3rd quarter worth about $33,000. Finally, Dogwood Wealth Management LLC increased 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 buying an additional 75 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 1.0%

Shares of RTX stock opened at $181.26 on Friday. The firm has a market capitalization of $244.10 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 2.57 and a beta of 0.31. 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 firm’s 50 day moving average is $184.04 and its 200 day moving average is $188.72. RTX Corporation has a 1 year low of $135.43 and a 1 year high of $214.50.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.26. The company had revenue of $22.08 billion for 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 revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts forecast that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 22nd. This is a positive change from RTX’s previous quarterly dividend of $0.68. RTX’s payout ratio is presently 54.78%.

Analysts Set New Price Targets

RTX has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $240.00 target price on shares of RTX in a report on Thursday, March 5th. Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $210.00 to $220.00 in a report on Thursday. Wells Fargo & Company initiated coverage on shares of RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price on the stock. UBS Group decreased their target price on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Finally, Citigroup decreased their target price on shares of RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $211.38.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Jefferies upgraded RTX to Buy from Hold and raised its price target to $220, citing improving profit margins, strength in the defense business, and growth in commercial aerospace engine aftermarket revenue. RTX stock rises 4% after Jefferies upgrade, lifts target to $220
• Positive Sentiment: RTX won a $515 million U.S. Navy contract for its SPY-6 radar systems, expanding the program’s deployment across the Navy and allied governments and reinforcing the company’s defense electronics growth story. RTX SPY-6 Radar Win Expands Naval Role And Long Term Appeal
• Positive Sentiment: RTX is expanding landing gear production with a new Poland facility, a sign Collins Aerospace is investing to meet rising aircraft demand and support longer-term commercial aerospace growth. How Is RTX Expanding Landing Gear Production to Support Growth?
• Neutral Sentiment: Several articles repeated a broad “brokers suggest investing in RTX” theme, but these pieces mainly question the usefulness of average analyst ratings and do not add much new fundamental information. Brokers Suggest Investing in RTX (RTX): Read This Before Placing a Bet
• Neutral Sentiment: Tech headlines mentioning “RTX Spark” relate to NVIDIA’s product branding, not RTX Corporation, so they should not materially affect RTX stock. NVIDIA’s RTX Spark Superchip…

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.