RTX Corporation $RTX is Towne Trust Company N.A’s 5th Largest Position

Towne Trust Company N.A trimmed its stake in RTX Corporation (NYSE:RTX) by 9.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,493 shares of the company’s stock after selling 5,259 shares during the quarter. RTX accounts for 3.3% of Towne Trust Company N.A’s portfolio, making the stock its 5th biggest holding. Towne Trust Company N.A’s holdings in RTX were worth $10,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. ABN AMRO Bank N.V. increased its holdings in shares of RTX by 19.1% during the first quarter. ABN AMRO Bank N.V. now owns 50,802 shares of the company’s stock valued at $9,818,000 after acquiring an additional 8,143 shares in the last quarter. Cambient Family Office LLC grew its position in RTX by 0.5% during the 1st quarter. Cambient Family Office LLC now owns 83,328 shares of the company’s stock valued at $16,074,000 after purchasing an additional 399 shares during the last quarter. Rooted Wealth Advisors Inc. grew its position in RTX by 112.8% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 2,626 shares of the company’s stock valued at $514,000 after purchasing an additional 1,392 shares during the last quarter. Lewis Asset Management LLC increased its stake in RTX by 3.0% during the 1st quarter. Lewis Asset Management LLC now owns 6,556 shares of the company’s stock valued at $1,265,000 after purchasing an additional 191 shares in the last quarter. Finally, Maridea Wealth Management LLC increased its stake in RTX by 11.8% during the 1st quarter. Maridea Wealth Management LLC now owns 2,571 shares of the company’s stock valued at $496,000 after purchasing an additional 271 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price on the stock. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Morgan Stanley dropped 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. Finally, Jefferies Financial Group upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $210.00 to $220.00 in a research note on Thursday, June 4th. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $211.38.

RTX Trading Up 0.7%

RTX stock opened at $187.87 on Friday. The company has a market capitalization of $253.00 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 2.66 and a beta of 0.31. RTX Corporation has a 1-year low of $141.93 and a 1-year high of $214.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The business has a 50 day simple moving average of $180.26 and a two-hundred day simple moving average of $190.03.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The firm had revenue of $22.08 billion during 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%.The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Research analysts anticipate that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, May 22nd. This is an increase from RTX’s previous quarterly dividend of $0.68. This represents a $2.92 annualized dividend and a yield of 1.6%. RTX’s payout ratio is presently 54.78%.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s board declared a quarterly cash dividend of 73 cents per share, reinforcing its shareholder-return profile and signaling management confidence in cash generation. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Raytheon, an RTX business, won a $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles, adding to backlog and highlighting continued demand from the U.S. military and allied nations. RTX’s Raytheon awarded $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles
• Positive Sentiment: Several recent articles continued to frame RTX as a long-term growth and defense beneficiary, which can support investor sentiment even without a new operational catalyst. Why RTX (RTX) is a Top Growth Stock for the Long-Term

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.