RTX Corporation $RTX Shares Sold by Midwest Trust Co

Midwest Trust Co trimmed its position in shares of RTX Corporation (NYSE:RTX) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,723 shares of the company’s stock after selling 10,734 shares during the quarter. RTX makes up about 1.1% of Midwest Trust Co’s portfolio, making the stock its 19th biggest holding. Midwest Trust Co’s holdings in RTX were worth $88,488,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in RTX. Vanguard Group Inc. increased its stake in shares of RTX by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock valued at $22,922,464,000 after purchasing an additional 2,210,950 shares in the last quarter. State Street Corp grew its holdings in RTX by 0.7% in the fourth quarter. State Street Corp now owns 91,884,588 shares of the company’s stock valued at $16,851,633,000 after purchasing an additional 630,558 shares during the period. Morgan Stanley grew its holdings in RTX by 0.4% in the fourth quarter. Morgan Stanley now owns 29,783,584 shares of the company’s stock valued at $5,462,310,000 after purchasing an additional 105,069 shares during the period. Fisher Asset Management LLC increased its position in shares of RTX by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock valued at $3,998,155,000 after buying an additional 625,994 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of RTX in the fourth quarter valued at approximately $3,167,626,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of RTX in a research note on Wednesday, June 17th. Morgan Stanley decreased their price objective 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 research note on Wednesday, April 1st. They set 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. Finally, UBS Group decreased their target price on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX was highlighted in multiple industry outlook pieces as a beneficiary of strong aerospace-defense tailwinds, including rising defense spending, aviation demand, and ongoing strategic initiatives. Zacks Industry Outlook Highlights GE Aerospace, RTX and General Dynamics
• Positive Sentiment: The company’s Raytheon unit is expanding European missile production with NATO and Diehl Defence, including efforts to boost Stinger output and strengthen the supply chain, which could support future defense revenue. RTX (RTX) Expands European Missile Production With NATO And Diehl Defence
• Positive Sentiment: Collins Aerospace opened a UK Engineering Center of Excellence to advance next-generation aircraft systems, underscoring RTX’s investment in higher-margin aerospace technologies and innovation. RTX’s Collins Aerospace opens UK Engineering Center of Excellence to advance next-generation aircraft systems
• Positive Sentiment: Zacks also said RTX has a strong earnings-surprise track record and the right setup to potentially beat consensus in its next quarterly report, which can boost investor sentiment ahead of results. Why RTX (RTX) Could Beat Earnings Estimates Again
• Neutral Sentiment: RTX was also mentioned in additional aerospace-defense stock roundup articles, reinforcing the view that the sector remains attractive, though these pieces did not provide company-specific new catalysts. 3 Aerospace-Defense Stocks to Buy Amid Strong Industry Tailwinds
• Negative Sentiment: RTX was reported to have fallen more than the broader market in the prior session, suggesting some near-term volatility or profit-taking after a strong run. RTX (RTX) Registers a Bigger Fall Than the Market: Important Facts to Note

RTX Price Performance

RTX traded up $0.61 during trading on Friday, reaching $195.81. The company’s stock had a trading volume of 2,821,542 shares, compared to its average volume of 4,648,892. The company has a market cap of $263.69 billion, a price-to-earnings ratio of 36.74, a PEG ratio of 2.68 and a beta of 0.30. The firm has a fifty day simple moving average of $182.73 and a two-hundred day simple moving average of $191.30. RTX Corporation has a 1 year low of $143.56 and a 1 year high of $214.50. 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 posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion during 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 for the quarter 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 anticipate that RTX Corporation will post 6.92 EPS for the current year.

RTX Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.5%. RTX’s dividend payout ratio (DPR) is 54.78%.

RTX 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.