Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stock Position in RTX Corporation $RTX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in RTX Corporation (NYSE:RTX) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 311,871 shares of the company’s stock after selling 9,562 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in RTX were worth $57,197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Alpha Cubed Investments LLC grew its holdings in shares of RTX by 0.3% in the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after purchasing an additional 50 shares in the last quarter. LeConte Wealth Management LLC grew its holdings in shares of RTX by 2.3% in the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after purchasing an additional 51 shares in the last quarter. Rydar Equities Inc. grew its holdings in shares of RTX by 0.4% in the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock valued at $2,480,000 after purchasing an additional 52 shares in the last quarter. Howard Capital Management Inc. grew its holdings in shares of RTX by 0.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock valued at $2,263,000 after purchasing an additional 53 shares in the last quarter. Finally, Purus Wealth Management LLC lifted its position in RTX by 0.4% in the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock worth $2,700,000 after buying an additional 53 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research report on Friday, April 10th. Jefferies Financial Group lowered their price target on RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research report on Monday, April 13th. Morgan Stanley lowered their price target on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Wolfe Research restated an “outperform” rating on shares of RTX in a research report on Wednesday, February 4th. Finally, Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $210.75.

RTX Stock Up 0.1%

NYSE:RTX opened at $179.16 on Friday. RTX Corporation has a twelve month low of $131.90 and a twelve month high of $214.50. The company has a market cap of $241.27 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 2.55 and a beta of 0.31. The stock has a fifty day simple moving average of $186.04 and a 200-day simple 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 released its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share 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 business had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same period last year, the company earned $1.47 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Analysts anticipate that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

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

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.