Baxter Bros Inc. Decreases Stake in RTX Corporation $RTX

Baxter Bros Inc. lessened its holdings in shares of RTX Corporation (NYSE:RTX) by 9.9% during the first quarter, HoldingsChannel reports. The fund owned 85,846 shares of the company’s stock after selling 9,450 shares during the period. RTX comprises approximately 2.0% of Baxter Bros Inc.’s investment portfolio, making the stock its 12th biggest holding. Baxter Bros Inc.’s holdings in RTX were worth $16,560,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Greatmark Investment Partners Inc. boosted its position in shares of RTX by 8.2% during the 1st quarter. Greatmark Investment Partners Inc. now owns 5,267 shares of the company’s stock worth $1,016,000 after purchasing an additional 400 shares in the last quarter. Kiley Juergens Wealth Management LLC purchased a new position in shares of RTX in the 1st quarter valued at about $1,312,000. Walser Wealth Management Company A Ltd Liability Co lifted its stake in shares of RTX by 49.1% in the first quarter. Walser Wealth Management Company A Ltd Liability Co now owns 3,763 shares of the company’s stock valued at $726,000 after purchasing an additional 1,240 shares during the period. Beacon Bank & Trust boosted its holdings in RTX by 45.2% during the first quarter. Beacon Bank & Trust now owns 3,452 shares of the company’s stock worth $666,000 after buying an additional 1,075 shares in the last quarter. Finally, Schear Investment Advisers LLC boosted its holdings in RTX by 1.0% during the first quarter. Schear Investment Advisers LLC now owns 5,875 shares of the company’s stock worth $1,133,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Key Stories Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Recent commentary says RTX has outperformed its industry over the past year, citing a roughly 36.6% rally, fresh defense contract wins, aerospace milestones, and solid liquidity as reasons investors continue to view the stock as a long-term growth name. Article Title
• Positive Sentiment: Another market update repeated that RTX continues to outperform the broader aerospace group, reinforcing the bullish view that strong defense exposure and execution are supporting the shares. Article Title
• Neutral Sentiment: Several headlines referenced “RTX” in the context of Nvidia’s RTX-branded graphics cards and new gaming PCs, but these stories are about consumer GPUs and PC hardware, not RTX Corporation’s aerospace and defense business. Article Title
• Neutral Sentiment: Additional articles about the Nvidia RTX 3060 returning at its original price and RTX 5070 laptop/desktop products are not directly relevant to RTX Corporation’s fundamentals or earnings outlook. Article Title

RTX Trading Up 1.4%

Shares of RTX opened at $201.97 on Tuesday. RTX Corporation has a fifty-two week low of $142.98 and a fifty-two week high of $214.50. The company has a market capitalization of $271.99 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 2.82 and a beta of 0.30. The stock has a fifty day moving average of $180.91 and a two-hundred day moving average of $190.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02.

RTX (NYSE:RTX) last posted its quarterly earnings data 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. The business had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, analysts forecast that RTX Corporation will post 6.91 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s dividend payout ratio (DPR) is presently 54.78%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RTX shares. Wells Fargo & Company started coverage on shares of RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price for the company. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Weiss Ratings downgraded RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Finally, Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $211.38.

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.