South Street Advisors LLC Has $13.64 Million Stake in RTX Corporation $RTX

South Street Advisors LLC trimmed its holdings in shares of RTX Corporation (NYSE:RTX) by 8.5% in the fourth quarter, HoldingsChannel reports. The firm owned 74,377 shares of the company’s stock after selling 6,912 shares during the period. RTX makes up 1.9% of South Street Advisors LLC’s portfolio, making the stock its 23rd biggest position. South Street Advisors LLC’s holdings in RTX were worth $13,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Navalign LLC acquired a new stake in RTX during the 4th quarter valued at $25,000. BNP Paribas acquired a new stake in RTX in the 3rd quarter valued at about $25,000. Valley Wealth Managers Inc. acquired a new stake in RTX in the 3rd quarter valued at about $30,000. Wexford Capital LP acquired a new stake in RTX in the 3rd quarter valued at about $33,000. Finally, Dogwood Wealth Management LLC increased its position in RTX by 57.3% in 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 in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Up 1.3%

Shares of NYSE:RTX opened at $178.91 on Friday. RTX Corporation has a one year low of $131.90 and a one year high of $214.50. The company has a 50 day moving average of $186.54 and a 200-day moving average of $188.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. The stock has a market cap of $240.93 billion, a price-to-earnings ratio of 33.57, a P/E/G ratio of 2.50 and a beta of 0.31.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.26. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business 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 firm earned $1.47 earnings per share. The firm’s quarterly revenue 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, sell-side analysts forecast that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on RTX shares. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. UBS Group lowered 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. Wells Fargo & Company initiated coverage on RTX in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $200.00 target price for the company. Jefferies Financial Group lowered their target price on RTX from $225.00 to $210.00 and set a “hold” rating for the company in a research note on Monday, April 13th. Finally, Citigroup lowered their target price on RTX from $238.00 to $226.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average price target of $210.75.

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.