Meyer Handelman Co. Has $33.20 Million Stake in RTX Corporation $RTX

Meyer Handelman Co. lowered its holdings in RTX Corporation (NYSE:RTX) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 172,126 shares of the company’s stock after selling 3,105 shares during the period. Meyer Handelman Co.’s holdings in RTX were worth $33,203,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RTX. Louisiana State Employees Retirement System bought a new position in shares of RTX during the first quarter worth approximately $13,194,000. Silver Oak Securities Incorporated boosted its stake in shares of RTX by 25.5% in the first quarter. Silver Oak Securities Incorporated now owns 19,731 shares of the company’s stock valued at $3,806,000 after buying an additional 4,003 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of RTX by 1.9% in the first quarter. Kestra Private Wealth Services LLC now owns 208,954 shares of the company’s stock valued at $40,307,000 after buying an additional 3,944 shares during the period. Park Edge Advisors LLC grew its position in RTX by 3.5% during the first quarter. Park Edge Advisors LLC now owns 8,283 shares of the company’s stock worth $1,598,000 after buying an additional 280 shares in the last quarter. Finally, Ritholtz Wealth Management increased its stake in RTX by 0.7% during the 1st quarter. Ritholtz Wealth Management now owns 47,344 shares of the company’s stock worth $9,133,000 after acquiring an additional 336 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the subject of several analyst reports. Erste Group Bank cut RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. UBS Group decreased their price target on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and upped their price objective for the stock from $210.00 to $220.00 in a research report on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price objective on shares of RTX in a research note on Thursday, March 5th. Finally, Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.38.

RTX Trading Up 0.7%

Shares of RTX stock opened at $186.34 on Friday. RTX Corporation has a fifty-two week low of $141.26 and a fifty-two week high of $214.50. The stock’s fifty day moving average price is $180.48 and its two-hundred day moving average price is $190.04. 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 company has a market cap of $250.94 billion, a PE ratio of 34.96, a P/E/G ratio of 2.62 and a beta of 0.31.

RTX (NYSE:RTX) last posted 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. The company 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%.RTX’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities analysts predict that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend was Friday, May 22nd. RTX’s dividend payout ratio (DPR) is currently 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.