RTX Corporation $RTX Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. decreased its position in shares of RTX Corporation (NYSE:RTX) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,482 shares of the company’s stock after selling 2,846 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in RTX were worth $20,446,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas acquired a new stake in shares of RTX during the third quarter worth about $25,000. Navalign LLC purchased a new stake in shares of RTX in the fourth quarter worth about $25,000. Core Wealth Advisors LLC purchased a new stake in shares of RTX in the fourth quarter worth about $31,000. Wexford Capital LP purchased a new stake in shares of RTX in the third quarter worth about $33,000. Finally, Dogwood Wealth Management LLC boosted its stake in shares of RTX by 57.3% in the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on RTX shares. Citigroup lowered 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. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Melius Research upgraded RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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 Stock Performance

Shares of RTX stock opened at $181.26 on Friday. The company has a market capitalization of $244.10 billion, a P/E ratio of 34.01, a P/E/G ratio of 2.57 and a beta of 0.31. The business’s 50 day moving average is $184.04 and its two-hundred day moving average is $188.72. 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 Corporation has a 12-month low of $135.43 and a 12-month high of $214.50.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Analysts expect that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

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