Smithbridge Asset Management Inc. DE Cuts Stake in RTX Corporation $RTX

Smithbridge Asset Management Inc. DE lowered its stake in shares of RTX Corporation (NYSE:RTX) by 45.9% in the first quarter, Holdings Channel reports. The institutional investor owned 70,202 shares of the company’s stock after selling 59,538 shares during the period. RTX accounts for 2.0% of Smithbridge Asset Management Inc. DE’s holdings, making the stock its 14th biggest position. Smithbridge Asset Management Inc. DE’s holdings in RTX were worth $13,542,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Root Financial Partners LLC boosted its position in shares of RTX by 7.3% in the 1st quarter. Root Financial Partners LLC now owns 8,103 shares of the company’s stock worth $1,563,000 after purchasing an additional 548 shares in the last quarter. Petros Family Wealth LLC increased its holdings in RTX by 10.4% in the 1st quarter. Petros Family Wealth LLC now owns 7,873 shares of the company’s stock worth $1,519,000 after buying an additional 739 shares during the period. Twin City Private Wealth LLC increased its stake in shares of RTX by 3.0% in the first quarter. Twin City Private Wealth LLC now owns 2,152 shares of the company’s stock worth $415,000 after acquiring an additional 63 shares during the period. EJMK Ventures LLC raised its stake in shares of RTX by 8.2% during the 1st quarter. EJMK Ventures LLC now owns 3,521 shares of the company’s stock valued at $679,000 after buying an additional 266 shares during the last quarter. Finally, Cassia Capital Partners LLC raised its position in RTX by 19.2% during the first quarter. Cassia Capital Partners LLC now owns 1,693 shares of the company’s stock valued at $327,000 after acquiring an additional 273 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Up 0.8%

Shares of NYSE RTX opened at $191.33 on Thursday. The stock has a market cap of $257.66 billion, a PE ratio of 35.90, a P/E/G ratio of 2.69 and a beta of 0.30. 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 Corporation has a 12-month low of $142.96 and a 12-month high of $214.50. The company has a 50-day moving average of $179.87 and a 200 day moving average of $190.47.

RTX (NYSE:RTX) last released 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 analyst estimates of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, sell-side analysts predict that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is presently 54.78%.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, won a $1.10 billion U.S. Navy contract for AIM-9X Block II missiles, reinforcing strong defense demand and supporting the company’s backlog and revenue visibility. How Investors Are Reacting To RTX (RTX) Missile Win, Dividend Decision and Index Removal
• Positive Sentiment: Pratt & Whitney said its F119 engine surpassed one million flight hours on the F-22 Raptor, highlighting long-term program durability and the strength of RTX’s aerospace and defense franchise. RTX’s Pratt & Whitney F119 engine surpasses one million flight hours
• Positive Sentiment: RTX confirmed a quarterly dividend of $0.73 per share, which can support investor confidence in the company’s cash generation and shareholder returns. How Investors Are Reacting To RTX (RTX) Missile Win, Dividend Decision and Index Removal
• Neutral Sentiment: RTX announced it will report second-quarter earnings on July 23, a near-term catalyst that could move the stock but does not reveal new operating results yet. RTX to release second quarter earnings results on July 23, 2026
• Neutral Sentiment: RTX also said Raytheon is developing a large-aperture telescope for a space observatory, a positive technology win but likely a smaller near-term driver for the stock than the defense contract news. RTX’s Raytheon developing large-aperture telescope for rapid observations and precision astrophysics
• Negative Sentiment: RTX was removed from the Russell 1000 Dynamic Index, which can create some technical selling pressure or reduce index-related demand for the shares. How Investors Are Reacting To RTX (RTX) Missile Win, Dividend Decision and Index Removal

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RTX. UBS Group reduced their target price on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the company from $210.00 to $220.00 in a research note on Thursday, June 4th. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Finally, Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $211.38.

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.