Venturi Wealth Management LLC Sells 5,377 Shares of RTX Corporation $RTX

Venturi Wealth Management LLC reduced its position in RTX Corporation (NYSE:RTX) by 5.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,825 shares of the company’s stock after selling 5,377 shares during the quarter. Venturi Wealth Management LLC’s holdings in RTX were worth $18,870,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in RTX by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 124,986,171 shares of the company’s stock worth $22,922,464,000 after buying an additional 2,210,950 shares during the last quarter. State Street Corp grew its position in RTX by 0.7% during the fourth quarter. State Street Corp now owns 91,884,588 shares of the company’s stock valued at $16,851,633,000 after acquiring an additional 630,558 shares during the last quarter. Capital Research Global Investors raised its stake in shares of RTX by 1.1% during the third quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock worth $12,750,087,000 after acquiring an additional 799,155 shares in the last quarter. Morgan Stanley raised its stake in shares of RTX by 0.4% during the fourth quarter. Morgan Stanley now owns 29,783,584 shares of the company’s stock worth $5,462,310,000 after acquiring an additional 105,069 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of RTX by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 21,800,188 shares of the company’s stock worth $3,998,155,000 after acquiring an additional 625,994 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Up 0.7%

Shares of RTX stock opened at $187.87 on Friday. 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 52-week low of $141.93 and a 52-week high of $214.50. The company’s 50 day moving average price is $180.26 and its 200-day moving average price is $190.03. The stock has a market capitalization of $253.00 billion, a price-to-earnings ratio of 35.25, a P/E/G ratio of 2.64 and a beta of 0.31.

RTX (NYSE:RTX) last posted its quarterly 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 company had revenue of $22.08 billion during 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 firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts forecast that RTX Corporation will post 6.91 EPS for the current year.

RTX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 22nd were paid 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 of this dividend was Friday, May 22nd. RTX’s payout ratio is currently 54.78%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RTX. Erste Group Bank cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday, April 27th. Wells Fargo & Company began coverage on shares of RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 price target for the company. UBS Group cut their price target on shares of RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings cut RTX from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Finally, Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $211.38.

RTX News Summary

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

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.