Meyer Handelman Co. Sells 3,105 Shares of RTX Corporation $RTX

Meyer Handelman Co. cut its stake in shares of RTX Corporation (NYSE:RTX) by 1.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 172,126 shares of the company’s stock after selling 3,105 shares during the quarter. Meyer Handelman Co.’s holdings in RTX were worth $33,203,000 at the end of the most recent reporting period.

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

RTX Stock Performance

Shares of RTX stock opened at $186.34 on Friday. The business’s 50 day simple moving average is $180.48 and its 200 day simple moving average is $190.04. RTX Corporation has a one year low of $141.26 and a one year high of $214.50. The stock has a market capitalization of $250.94 billion, a PE ratio of 34.96, a PEG ratio of 2.62 and a beta of 0.31. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78.

RTX (NYSE:RTX) last released its quarterly earnings results 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 analyst estimates of $21.38 billion. RTX had a net margin of 8.03% and a return on equity of 13.50%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.47 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. As a group, research analysts forecast that RTX Corporation will post 6.91 earnings per share for the current year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Friday, May 22nd were paid a dividend of $0.73 per share. This is a boost 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 of this dividend was Friday, May 22nd. RTX’s payout ratio is 54.78%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on RTX shares. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price target on shares of RTX in a research note on Thursday, March 5th. Wall Street Zen lowered shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. Jefferies Financial Group raised shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $210.00 to $220.00 in a research note on Thursday, June 4th. Finally, Dbs Bank upgraded RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $211.38.

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.