Rice Partnership LLC Sells 10,849 Shares of RTX Corporation $RTX

Rice Partnership LLC decreased its position in RTX Corporation (NYSE:RTX) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,179 shares of the company’s stock after selling 10,849 shares during the quarter. RTX comprises 2.0% of Rice Partnership LLC’s investment portfolio, making the stock its 17th largest holding. Rice Partnership LLC’s holdings in RTX were worth $14,705,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RTX. Norges Bank bought a new stake in RTX during the fourth quarter worth approximately $3,167,626,000. Vanguard Group Inc. boosted its position in RTX by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after purchasing an additional 2,210,950 shares during the period. California Public Employees Retirement System boosted its position in RTX by 27.5% during the third quarter. California Public Employees Retirement System now owns 4,796,746 shares of the company’s stock worth $802,640,000 after purchasing an additional 1,034,456 shares during the period. Groupama Asset Managment bought a new stake in RTX during the third quarter worth approximately $150,078,000. Finally, Legal & General Group Plc boosted its position in RTX by 13.4% during the third quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock worth $1,199,338,000 after purchasing an additional 846,656 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RTX. Wolfe Research reaffirmed an “outperform” rating on shares of RTX in a research report on Wednesday, February 4th. Jefferies Financial Group decreased their target price on RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research report on Monday, April 13th. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, DZ Bank cut RTX from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average target price of $210.75.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Collins Aerospace expanded its Poland facility, lifting landing gear production capacity by nearly 25% and adding about 190 jobs, which should support RTX’s commercial and defense backlog execution. Article link
• Positive Sentiment: Analysts and market commentary say RTX has outperformed its industry over the past six months, helped by contract wins, technology advances, and rising earnings estimates. Article link
• Neutral Sentiment: RTX has also been mentioned in valuation-focused coverage, with investors debating whether the stock’s recent gains leave limited near-term upside despite solid fundamentals. Article link

RTX Stock Down 0.1%

Shares of RTX stock opened at $174.17 on Wednesday. RTX Corporation has a 12 month low of $135.43 and a 12 month high of $214.50. The firm has a market cap of $234.55 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 2.47 and a beta of 0.31. The stock has a 50 day moving average of $185.52 and a 200-day moving average of $188.78. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

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

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from RTX’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. RTX’s dividend payout ratio is presently 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.