Davis R M Inc. Lowers Holdings in RTX Corporation $RTX

Davis R M Inc. reduced its stake in shares of RTX Corporation (NYSE:RTX) by 1.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 321,546 shares of the company’s stock after selling 4,985 shares during the period. RTX makes up approximately 1.1% of Davis R M Inc.’s portfolio, making the stock its 26th biggest holding. Davis R M Inc.’s holdings in RTX were worth $62,026,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Navalign LLC acquired a new position in RTX in the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC purchased a new stake in RTX during the fourth quarter worth $26,000. Core Wealth Advisors LLC acquired a new stake in RTX during the fourth quarter valued at $31,000. 1 North Wealth Services LLC raised its position in shares of RTX by 456.7% in the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 137 shares during the period. Finally, Evergreen Advisors LLC purchased a new position in shares of RTX in the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 0.5%

Shares of RTX opened at $194.56 on Thursday. RTX Corporation has a 52-week low of $149.11 and a 52-week high of $214.50. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $185.57 and a two-hundred day simple moving average of $191.89. The company has a market capitalization of $262.01 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 2.65 and a beta of 0.30.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.26. The firm had revenue of $22.08 billion during the quarter, compared to analysts’ expectations of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. RTX’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $1.47 earnings per share. As a group, equities analysts forecast that RTX Corporation will post 6.92 EPS for the current year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders 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 dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. RTX’s payout ratio is presently 54.78%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RTX shares. Morgan Stanley reduced 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. Weiss Ratings lowered shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Citigroup reiterated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Wells Fargo & Company began coverage on shares of RTX in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price target for the company. Finally, UBS Group lowered their price objective 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, fourteen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $211.38.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon was awarded a $1.8 billion U.S. Navy contract extension for SPY-6 radar hardware production and sustainment, reinforcing RTX’s defense revenue visibility. RTX’s Raytheon awarded $1.8 billion hardware production and sustainment contract for SPY-6 family of radars
• Positive Sentiment: Pratt & Whitney said its GTF engines have topped 800 orders and commitments year to date, lifting the engine backlog to more than 8,000 and signaling sustained commercial aircraft demand. RTX’s Pratt & Whitney GTF engines surpass 800 orders and commitments in 2026, year to date
• Positive Sentiment: RTX highlighted multiple new aerospace wins and strategic partnerships at the Farnborough Airshow, including engine orders, a new MRO joint venture, and expanded regional maintenance agreements. RTX’s Pratt & Whitney Canada signs PW127M maintenance agreement with Emerald Airlines
• Positive Sentiment: RTX advanced its hybrid-electric aviation program, with Collins Aerospace completing lab testing and moving the project toward aircraft-level integration testing with Airbus. RTX advances hybrid-electric aviation at The Grid
• Neutral Sentiment: Several previews and earnings outlook pieces put RTX in focus ahead of Thursday’s results, with analysts watching whether the company can sustain revenue and EPS growth. RTX (RTX) Q2 Earnings: What To Expect
• Neutral Sentiment: RTX-related gaming and GPU headlines involving “RTX” are about Nvidia graphics products, not RTX Corporation, so they should not affect the stock.

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.