Capital International Investors Cuts Holdings in RTX Corporation $RTX

Capital International Investors trimmed its holdings in shares of RTX Corporation (NYSE:RTX) by 18.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,512,309 shares of the company’s stock after selling 10,387,516 shares during the quarter. RTX accounts for approximately 1.3% of Capital International Investors’ holdings, making the stock its 17th biggest holding. Capital International Investors’ holdings in RTX were worth $8,164,005,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RTX. BNP Paribas purchased a new position in RTX in the third quarter worth $25,000. Navalign LLC purchased a new position in RTX in the fourth quarter worth $25,000. Core Wealth Advisors LLC purchased a new position in RTX in the fourth quarter worth $31,000. Wexford Capital LP purchased a new position in RTX in the third quarter worth $33,000. Finally, Dogwood Wealth Management LLC grew its holdings in 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 purchasing an additional 75 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RTX. Morgan Stanley cut their price target on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Wells Fargo & Company assumed coverage on shares of RTX in a report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price objective on the stock. Citigroup dropped their price objective 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. Erste Group Bank lowered RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Melius Research raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

RTX Price Performance

NYSE:RTX opened at $181.26 on Friday. RTX Corporation has a one year low of $135.43 and a one year high of $214.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. The firm has a market cap of $244.10 billion, a price-to-earnings ratio of 34.01, a PEG ratio of 2.57 and a beta of 0.31. The firm’s fifty day moving average is $184.04 and its two-hundred day moving average is $188.72.

RTX (NYSE:RTX) last posted its earnings results 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. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business had revenue of $22.08 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the prior year, the company posted $1.47 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts expect that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, May 22nd. 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 dividend yield of 1.6%. RTX’s payout ratio is currently 54.78%.

RTX News Summary

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 Company 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.