W.G. Shaheen & Associates DBA Whitney & Co Has $17.34 Million Stake in RTX Corporation $RTX

W.G. Shaheen & Associates DBA Whitney & Co lowered its position in shares of RTX Corporation (NYSE:RTX) by 25.3% during the first quarter, Holdings Channel.com reports. The firm owned 89,901 shares of the company’s stock after selling 30,513 shares during the quarter. RTX accounts for 1.4% of W.G. Shaheen & Associates DBA Whitney & Co’s portfolio, making the stock its 19th biggest holding. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in RTX were worth $17,342,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of RTX by 24.3% during the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after acquiring an additional 159 shares in the last quarter. United Bank increased its position in RTX by 68.0% during the second quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after acquiring an additional 4,131 shares during the period. Schnieders Capital Management LLC. increased its position in RTX by 3.1% during the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after acquiring an additional 623 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in RTX in the 2nd quarter worth about $5,157,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX is heading into its next earnings report with Wall Street expecting earnings growth, which could support shares if the company delivers another beat on profit and revenue. RTX Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Raytheon, an RTX business, completed a key demonstration for the U.S. Army’s Next Generation Short Range Interceptor, reinforcing RTX’s position in missile defense and adding credibility to future defense contract opportunities. RTX’s Raytheon completes key milestone for U.S. Army’s Next Generation Short Range Interceptor
• Positive Sentiment: Pratt & Whitney expanded AI-powered engine inspections through its Aiir Innovations acquisition, a move that could improve maintenance efficiency, reduce inspection time, and strengthen recurring aftermarket operations. RTX’s Pratt & Whitney expands AI engine inspections with Aiir Innovations deal
• Positive Sentiment: A major 15-year UK defense training contract involving RaytheonUK highlights growing demand for RTX’s high-tech defense and training capabilities, which could support long-term revenue visibility. The Bull Case For RTX (RTX) Could Change Following Major UK Training Win And AI Advances

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on RTX shares. Jefferies Financial Group reissued a “buy” rating on shares of RTX in a report on Wednesday, July 8th. Citigroup reiterated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Erste Group Bank downgraded RTX from a “buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Morgan Stanley lowered their price objective on RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. One investment 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 stock. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $211.38.

RTX Trading Down 0.8%

Shares of RTX stock opened at $194.29 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. RTX Corporation has a 12-month low of $143.56 and a 12-month high of $214.50. The company has a market capitalization of $261.64 billion, a price-to-earnings ratio of 36.45, a PEG ratio of 2.68 and a beta of 0.30. The firm’s 50-day moving average price is $184.28 and its two-hundred day moving average price is $191.60.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.52 by $0.26. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company 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 company earned $1.47 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, analysts forecast that RTX Corporation will post 6.92 earnings per share for the current fiscal year.

RTX Dividend Announcement

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

RTX Company 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.