RTX Corporation $RTX Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its holdings in shares of RTX Corporation (NYSE:RTX) by 9.8% in the 4th quarter, HoldingsChannel reports. The fund 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.

Other institutional investors and hedge funds have also made changes to their positions in the company. Navalign LLC acquired a new position in shares of RTX during the 4th quarter worth about $25,000. BNP Paribas acquired a new stake in shares of RTX in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new stake in RTX during the 3rd quarter valued at approximately $30,000. Wexford Capital LP purchased a new stake in RTX during the 3rd quarter valued at approximately $33,000. Finally, Dogwood Wealth Management LLC raised its stake in RTX by 57.3% during the 3rd quarter. Dogwood Wealth Management LLC now owns 206 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

Shares of NYSE:RTX opened at $179.16 on Friday. The business’s fifty day moving average price is $186.04 and its two-hundred day moving average price is $188.74. The stock has a market cap of $241.27 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 2.54 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. RTX Corporation has a one year low of $131.90 and a one year high of $214.50.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.26. The firm had revenue of $22.08 billion for the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.RTX’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, analysts forecast that RTX Corporation will post 6.91 EPS for the current fiscal year.

RTX Increases Dividend

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

Analysts Set New Price Targets

RTX has been the subject of several analyst reports. Wells Fargo & Company initiated coverage on RTX in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price objective for the company. Wolfe Research reissued an “outperform” rating on shares of RTX in a research note on Wednesday, February 4th. Melius Research raised RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Morgan Stanley cut their target price on RTX from $235.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Finally, UBS Group lowered their price target on RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.