Evercore Wealth Management LLC Sells 9,201 Shares of RTX Corporation $RTX

Evercore Wealth Management LLC trimmed its position in RTX Corporation (NYSE:RTX) by 14.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 55,101 shares of the company’s stock after selling 9,201 shares during the quarter. Evercore Wealth Management LLC’s holdings in RTX were worth $10,629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. KCM Investment Advisors LLC increased its position in RTX by 9.3% during the 1st quarter. KCM Investment Advisors LLC now owns 18,578 shares of the company’s stock valued at $3,584,000 after purchasing an additional 1,587 shares during the period. IMG Wealth Management Inc. raised its holdings in shares of RTX by 267.2% in the 1st quarter. IMG Wealth Management Inc. now owns 918 shares of the company’s stock valued at $177,000 after purchasing an additional 668 shares in the last quarter. Excelsior Advisor Network LLC lifted its position in shares of RTX by 3.8% in the 1st quarter. Excelsior Advisor Network LLC now owns 6,349 shares of the company’s stock worth $1,225,000 after purchasing an additional 234 shares during the period. Quantinno Capital Management LP lifted its position in shares of RTX by 19.1% in the 1st quarter. Quantinno Capital Management LP now owns 968,655 shares of the company’s stock worth $186,854,000 after purchasing an additional 155,189 shares during the period. Finally, Clough Capital Partners L P boosted its stake in shares of RTX by 7.1% during the first quarter. Clough Capital Partners L P now owns 148,079 shares of the company’s stock valued at $28,564,000 after purchasing an additional 9,873 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Analyst upgrades and higher valuation support momentum. Wall Street upgrades helped propel RTX toward a fourth straight day of gains, reinforcing investor confidence in the company’s earnings outlook. RTX, SIRI Hit Fresh 52-Week Highs Today – What’s Got Investors Buzzing?
• Positive Sentiment: RTX delivered a significant quarterly earnings beat. The company reported adjusted earnings of $1.89 per share versus the $1.66 analyst consensus and revenue of $24.71 billion versus expectations of $22.89 billion. Revenue grew 14.5% year over year, while fiscal 2026 EPS guidance was set at $7.10–$7.25. RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
• Positive Sentiment: Defense demand and backlog trends remain favorable. RTX and other major defense contractors are benefiting from increased investor interest tied to geopolitical tensions, while strong orders and record backlogs improve visibility into future sales. Western defense companies are looking to Ukrainian firms for lessons on how to build in wartime conditions
• Positive Sentiment: Research coverage characterizes RTX as a growth stock. Zacks highlighted the company’s growth characteristics, while separate analysis said the latest results reaffirmed a bullish long-term investment thesis and noted double-beat results across key operating metrics. Here’s Why RTX is a Strong Growth Stock
• Neutral Sentiment: Fresh-high analysis raises the question of valuation. RTX’s earnings, revenue growth and guidance support further upside, but the stock’s climb to a 52-week high means investors may demand continued execution before assigning additional gains. RTX Corporation Hits Fresh High: Is There Still Room to Run?
• Neutral Sentiment: Articles about GeForce RTX graphics cards, gaming-PC discounts and a gamer’s dual-GPU setup concern NVIDIA hardware, not RTX Corporation’s aerospace and defense business, and therefore have no meaningful impact on RTX shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RTX. Wells Fargo & Company lifted their price objective on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Friday. Robert W. Baird set a $240.00 target price on RTX in a report on Friday. Weiss Ratings raised RTX from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 10th. Finally, TD Cowen upped their price objective on RTX from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $221.53.

RTX Stock Up 2.7%

Shares of RTX stock opened at $218.63 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 1.01 and a debt-to-equity ratio of 0.47. The company has a market cap of $294.43 billion, a P/E ratio of 38.49, a PEG ratio of 2.84 and a beta of 0.30. The firm’s 50 day moving average price is $187.93 and its 200-day moving average price is $192.42. RTX Corporation has a 52-week low of $150.61 and a 52-week high of $220.39.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23. The company had revenue of $24.71 billion during the quarter, compared to analysts’ expectations of $22.89 billion. RTX had a net margin of 8.28% and a return on equity of 13.99%. RTX’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.56 earnings per share. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, sell-side analysts predict that RTX Corporation will post 7.1 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.3%. RTX’s dividend payout ratio (DPR) is presently 51.41%.

About RTX

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.