RTX Corporation $RTX Stake Lessened by South Street Advisors LLC

South Street Advisors LLC trimmed its stake in RTX Corporation (NYSE:RTX) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,377 shares of the company’s stock after selling 6,912 shares during the quarter. RTX accounts for 1.9% of South Street Advisors LLC’s portfolio, making the stock its 23rd largest position. South Street Advisors LLC’s holdings in RTX were worth $13,641,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RTX. Alpha Cubed Investments LLC raised its holdings in RTX by 0.3% during the fourth quarter. Alpha Cubed Investments LLC now owns 14,720 shares of the company’s stock valued at $2,700,000 after buying an additional 50 shares in the last quarter. LeConte Wealth Management LLC raised its position in shares of RTX by 2.3% in the fourth quarter. LeConte Wealth Management LLC now owns 2,247 shares of the company’s stock valued at $412,000 after purchasing an additional 51 shares during the period. Rydar Equities Inc. increased its stake in shares of RTX by 0.4% in the fourth quarter. Rydar Equities Inc. now owns 13,524 shares of the company’s stock worth $2,480,000 after purchasing an additional 52 shares during the period. Howard Capital Management Inc. increased its stake in shares of RTX by 0.4% in the fourth quarter. Howard Capital Management Inc. now owns 12,340 shares of the company’s stock worth $2,263,000 after purchasing an additional 53 shares during the period. Finally, Purus Wealth Management LLC increased its position in RTX by 0.4% during the fourth quarter. Purus Wealth Management LLC now owns 14,722 shares of the company’s stock worth $2,700,000 after acquiring an additional 53 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group dropped their target price on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $204.00 price target on shares of RTX in a report on Thursday, January 29th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Wolfe Research reaffirmed an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. Finally, Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $210.75.

RTX Trading Up 1.3%

Shares of RTX opened at $178.91 on Friday. RTX Corporation has a 1 year low of $131.90 and a 1 year high of $214.50. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $186.54 and a 200-day simple moving average of $188.81. The stock has a market cap of $240.93 billion, a PE ratio of 33.57, a PEG ratio of 2.50 and a beta of 0.31.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share (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 business had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the prior year, the firm posted $1.47 EPS. RTX’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, sell-side analysts predict that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 22nd will be given a dividend of $0.73 per share. This is an increase from RTX’s previous quarterly dividend of $0.68. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. RTX’s dividend payout ratio is 54.78%.

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.