Welch Group LLC Sells 37,497 Shares of RTX Corporation $RTX

Welch Group LLC lessened its holdings in shares of RTX Corporation (NYSE:RTX) by 7.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 463,345 shares of the company’s stock after selling 37,497 shares during the period. RTX makes up approximately 3.4% of Welch Group LLC’s holdings, making the stock its 2nd largest position. Welch Group LLC’s holdings in RTX were worth $89,379,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Asset Planning Services Inc. LA ADV increased its holdings in RTX by 0.6% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 57,040 shares of the company’s stock valued at $11,003,000 after buying an additional 315 shares during the period. Xcel Wealth Management LLC lifted its holdings in shares of RTX by 3.2% during the 1st quarter. Xcel Wealth Management LLC now owns 10,101 shares of the company’s stock worth $1,948,000 after acquiring an additional 316 shares during the period. Falcon Wealth Planning boosted its position in shares of RTX by 8.1% during the 1st quarter. Falcon Wealth Planning now owns 1,838 shares of the company’s stock valued at $355,000 after acquiring an additional 137 shares in the last quarter. OLD National Bancorp IN boosted its position in shares of RTX by 6.4% during the 1st quarter. OLD National Bancorp IN now owns 29,108 shares of the company’s stock valued at $5,615,000 after acquiring an additional 1,746 shares in the last quarter. Finally, Balance Wealth LLC bought a new stake in RTX in the first quarter valued at about $201,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $187.87 on Friday. The business’s fifty day moving average is $180.26 and its two-hundred day moving average is $190.03. 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 firm has a market cap of $253.00 billion, a P/E ratio of 35.25, a P/E/G ratio of 2.64 and a beta of 0.31. RTX Corporation has a 52 week low of $141.93 and a 52 week high of $214.50.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, beating 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 last year, the company posted $1.47 earnings per share. The firm’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. Equities research analysts forecast that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd were given a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, May 22nd. This is a boost from RTX’s previous quarterly dividend of $0.68. RTX’s dividend payout ratio is 54.78%.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX’s board declared a quarterly cash dividend of 73 cents per share, reinforcing its shareholder-return profile and signaling management confidence in cash generation. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Raytheon, an RTX business, won a $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles, adding to backlog and highlighting continued demand from the U.S. military and allied nations. RTX’s Raytheon awarded $1.1 billion U.S. Navy contract to produce AIM-9X Block II missiles
• Positive Sentiment: Several recent articles continued to frame RTX as a long-term growth and defense beneficiary, which can support investor sentiment even without a new operational catalyst. Why RTX (RTX) is a Top Growth Stock for the Long-Term

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Morgan Stanley decreased their price target on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. UBS Group cut their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their target price for the company from $210.00 to $220.00 in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $211.38.

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.