Grandfield & Dodd LLC Reduces Stock Holdings in RTX Corporation $RTX

Grandfield & Dodd LLC lowered its stake in shares of RTX Corporation (NYSE:RTX) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 339,963 shares of the company’s stock after selling 14,556 shares during the quarter. RTX comprises approximately 3.5% of Grandfield & Dodd LLC’s holdings, making the stock its 5th largest holding. Grandfield & Dodd LLC’s holdings in RTX were worth $62,349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Core Wealth Advisors LLC acquired a new stake in RTX during the fourth quarter worth $31,000. MUFG Securities EMEA plc boosted its stake in RTX by 114.5% during the fourth quarter. MUFG Securities EMEA plc now owns 54,966 shares of the company’s stock worth $10,081,000 after buying an additional 29,345 shares in the last quarter. Bearing Point Capital LLC boosted its stake in RTX by 4.8% during the fourth quarter. Bearing Point Capital LLC now owns 2,625 shares of the company’s stock worth $481,000 after buying an additional 120 shares in the last quarter. Texas Yale Capital Corp. boosted its stake in RTX by 3.1% during the fourth quarter. Texas Yale Capital Corp. now owns 11,749 shares of the company’s stock worth $2,155,000 after buying an additional 355 shares in the last quarter. Finally, Keyvantage Wealth LLC boosted its stake in RTX by 14.2% during the fourth quarter. Keyvantage Wealth LLC now owns 1,419 shares of the company’s stock worth $260,000 after buying an additional 176 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.1%

Shares of NYSE:RTX opened at $179.16 on Friday. RTX Corporation has a 52 week low of $131.90 and a 52 week high of $214.50. 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’s fifty day moving average is $186.04 and its 200-day moving average is $188.74. The company has a market capitalization of $241.27 billion, a PE ratio of 33.61, a P/E/G ratio of 2.55 and a beta of 0.31.

RTX (NYSE:RTX) last issued its 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. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the previous year, the company earned $1.47 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts predict that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on RTX shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price target on shares of RTX in a research note on Thursday, March 5th. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a research note on Friday, April 10th. Citigroup decreased their price target on shares of RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. One research 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 issued a Sell rating to the stock. According to MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average price target of $210.75.

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.