Welch & Forbes LLC Sells 18,276 Shares of RTX Corporation $RTX

Welch & Forbes LLC cut its holdings in RTX Corporation (NYSE:RTX) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,123,240 shares of the company’s stock after selling 18,276 shares during the period. RTX comprises approximately 2.5% of Welch & Forbes LLC’s investment portfolio, making the stock its 8th biggest holding. Welch & Forbes LLC owned approximately 0.08% of RTX worth $206,002,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RTX. BNP Paribas acquired a new stake in shares of RTX in the third quarter valued at approximately $25,000. Navalign LLC acquired a new stake in shares of RTX in the fourth quarter valued at approximately $25,000. Valley Wealth Managers Inc. acquired a new stake in shares of RTX in the third quarter valued at approximately $30,000. Wexford Capital LP acquired a new stake in shares of RTX in the third quarter valued at approximately $33,000. Finally, Dogwood Wealth Management LLC raised its holdings in shares of RTX by 57.3% in the third quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

Shares of RTX opened at $179.16 on Friday. The company has a market cap of $241.27 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 2.55 and a beta of 0.31. RTX Corporation has a 1-year low of $131.90 and a 1-year high of $214.50. The company’s fifty day simple moving average is $186.04 and its 200 day simple moving average is $188.74. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. The business had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, 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 will be paid on Thursday, June 11th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.6%. This is a positive change from RTX’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Friday, May 22nd. RTX’s dividend payout ratio (DPR) is presently 54.78%.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a report on Friday, April 10th. DZ Bank downgraded shares of RTX from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $240.00 target price on shares of RTX in a report on Thursday, March 5th. Morgan Stanley lowered their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, Wolfe Research restated an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $210.75.

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.