Northwestern Mutual Wealth Management Co. Trims Stake in RTX Corporation $RTX

Northwestern Mutual Wealth Management Co. lowered its holdings in RTX Corporation (NYSE:RTX) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 598,642 shares of the company’s stock after selling 65,147 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in RTX were worth $109,791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in RTX by 1.8% in the fourth 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 during the period. Capital Research Global Investors raised its position in RTX by 1.1% in the third quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock valued at $12,750,087,000 after purchasing an additional 799,155 shares during the period. Fisher Asset Management LLC raised its position in 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 purchasing an additional 625,994 shares during the period. Dimensional Fund Advisors LP raised its position in RTX by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 7,642,723 shares of the company’s stock valued at $1,278,740,000 after purchasing an additional 147,940 shares during the period. Finally, Legal & General Group Plc raised its position in RTX by 13.4% in the third quarter. Legal & General Group Plc now owns 7,167,501 shares of the company’s stock valued at $1,199,338,000 after purchasing an additional 846,656 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RTX shares. Citigroup reduced their target price on RTX from $238.00 to $226.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Wells Fargo & Company began coverage on RTX in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price objective on the stock. Wolfe Research reiterated an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. Finally, UBS Group cut their price objective on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.75.

RTX Trading Up 0.1%

RTX opened at $179.16 on Friday. RTX Corporation has a 12 month low of $131.90 and a 12 month high of $214.50. The stock has a market capitalization of $241.27 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 2.54 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The business has a fifty day moving average price of $186.04 and a 200 day moving average price of $188.74.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the previous year, the firm posted $1.47 EPS. RTX’s revenue for the quarter was up 8.7% on a year-over-year basis. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Sell-side analysts expect that RTX Corporation will post 6.91 earnings per share for the current fiscal year.

RTX Increases Dividend

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